Commercial LPG cylinder prices cut from August 1; domestic rates unchanged

Indian Oil Corporation (IOC) has reduced the price of commercial LPG cylinders from August 1, offering relief to restaurants, hotels, caterers and other businesses that rely on the fuel for daily operations.The prices of domestic LPG cylinders remain unchanged.According to IOC, the price of a 19-kg non-domestic LPG cylinder has been cut by ₹192 to ₹2,738 from ₹2,930 in Delhi.The price of the 5-kg Free Trade LPG (FTL) non-domestic refill has also been reduced by ₹46.50 to ₹762 per cylinder from ₹808.50.This is the second consecutive monthly reduction in commercial LPG prices.On July 1, oil marketing companies had reduced the price of a 19-kg commercial LPG cylinder by ₹183.50.Commercial LPG prices had surged earlier this year following the escalation of the West Asia crisis, which pushed international energy prices higher and disrupted supply chains.The price of a 19-kg commercial LPG cylinder had risen by ₹1,373 between February and June, increasing from ₹1,740.50 to ₹3,113.50.Commercial LPG cylinder prices are revised on the first day of every month based on benchmark international prices and foreign exchange rates. The retail price varies across states depending on local taxes, including VAT.There has been no change in the prices of domestic LPG cylinders used by households. A 14.2-kg domestic LPG cylinder continues to cost ₹942 in Delhi. Domestic LPG prices were last increased by ₹29 per cylinder on June 7.Commercial LPG cylinders are widely used by restaurants, hotels, roadside eateries, catering services, bakeries and industrial kitchens. The latest price cut is expected to lower fuel costs for such businesses, particularly those with high LPG consumption.Suraj Mehta, Chief Strategy Officer at Hindusthan National Glass & Industries, said the second consecutive reduction in commercial LPG prices would provide some relief to energy-intensive industries ahead of the festive season.”The timing could not be better. We are entering the festive quarter, when packaging demand from alcobev, pharmaceuticals and FMCG peaks, and lower fuel costs at exactly this point allow the industry to ramp up production without margins coming under strain,” Mehta said.He added that while energy costs remain above pre-crisis levels, the latest price cut improves cost predictability for businesses operating round the clock.Tanveer Kwatra, Hospitality Entrepreneur & founder of GRAMMIE, said, “A second straight cut in commercial LPG prices confirms a trend that consistency matters more than any single reduction. Coming just ahead of the festive season, this gives restaurants room to hold menu prices, protect margins and keep investing in the guest experience.”ALSO READ | Jet fuel price for domestic airlines increased by ₹5 per litre

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