LPG Cylinder Price – From May 7, there’s some good news for consumers as changes in fuel prices have come into effect. Both LPG cylinder rates and jet fuel prices have been revised, bringing some relief to businesses and travelers alike. Here’s a full breakdown of the changes and what they mean for you.
Commercial LPG Cylinder Prices Drop
One of the biggest updates is related to commercial LPG cylinders, which are typically used by restaurants, hotels, and other commercial establishments. These cylinders weigh 19 kilograms and are different from the regular domestic ones used in homes.
As per the latest revision, the price of commercial LPG cylinders has been reduced by up to 17 rupees. While this may not seem like a massive drop, for businesses using multiple cylinders daily, even a small reduction can help lower operational costs.
Here’s what the new prices look like in major cities:
- In Delhi, a commercial LPG cylinder now costs 1742 rupees
- In Mumbai, the price is down to 1696 rupees
- In Kolkata, it’s 1851 rupees
- And in Chennai, the new rate is 1904 rupees
This isn’t the first time in recent weeks that the prices have changed. On April 1, for instance, the commercial LPG cylinder in Delhi had already become cheaper by 41 rupees, bringing its price down to 1762. And now, from May 7, there’s been a further reduction.
No Change in Domestic LPG Cylinder Rates
While commercial cylinders have seen a price drop, there’s been no relief yet for households using domestic LPG cylinders. These are the standard 14.2 kg cylinders used for cooking at home.
In fact, just a few weeks ago on April 8, the price of domestic LPG cylinders was hiked by 50 rupees — the first increase in almost a year. So for now, domestic users will have to continue paying the higher rates introduced in April.
To clarify, commercial and domestic LPG cylinders are meant for different purposes. Domestic cylinders are meant for household use and usually come in 14.2 kg size, while commercial ones are larger at 19 kg and are used in bulk by businesses.
Jet Fuel Prices Also Reduced
The petroleum companies have made another important move by slashing jet fuel prices. This will be a welcome change not just for airline companies but also for passengers, as lower fuel costs can help airlines control ticket prices.
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Jet fuel, also known as ATF or aviation turbine fuel, makes up a large chunk of an airline’s operational costs. So whenever prices go up or down, it has a direct impact on flight fares.
Here’s a look at the new jet fuel rates across major Indian cities:
- Delhi: Jet fuel price has gone down by nearly 3954 rupees per kilolitre, bringing the new rate to around 85,487 rupees per kilolitre.
- Kolkata: A drop of about 3684 rupees has brought the rate to around 88,237 rupees per kilolitre.
- Mumbai: The price has fallen by 3719 rupees and now stands at about 79,856 rupees per kilolitre.
- Chennai: The biggest reduction has been seen here, with a cut of 4009 rupees per kilolitre, making the new rate approximately 88,495 rupees.
For international flights, the cost of jet fuel has also gone down, with a reduction of over 26 dollars per kilolitre. This will help keep airline operational costs in check and may lead to more competitive pricing for travelers in the coming weeks.
What This Means for You
While the reduction in commercial LPG rates may not directly impact individual households, it’s great news for small business owners, restaurant operators, and service providers. Over time, lower fuel costs can help these businesses offer better pricing to their customers.
For air travelers, the cut in jet fuel prices is definitely a positive development. If airline companies pass on the benefits, we might see a slight drop in airfares or at least some price stability despite rising demand during the summer travel season.
However, for the average household using domestic LPG, the wait for a price cut continues. With global fuel prices fluctuating and inflation still a concern, consumers are hoping for some relief in the coming months.
To sum up, May has kicked off with some much-needed price adjustments in the fuel sector. Commercial LPG and aviation fuel prices have been reduced, helping both businesses and the travel industry. Although domestic LPG users haven’t seen any benefit this time, there’s always a chance of positive changes in the next round of revisions.
So, whether you’re a business owner managing fuel costs or a frequent flyer keeping an eye on airfares, these updates are worth noting. Stay tuned for more changes in the coming months as oil companies continue to adjust prices based on global market trends.
