Inflation Hits Consumers Hard as Domestic LPG Cylinder Prices Soar
On the first day of March, a massive blow to inflation hit Indian consumers as the price of domestic LPG cylinders surged by Rs 50. As a result, Delhi residents now have to shell out Rs 1,103 for one cylinder. The increased rates have come into effect immediately.
According to reports, the price of a 14.2 kg domestic LPG cylinder has increased by Rs 50. The price of 19 kg commercial cylinders has also increased by a staggering Rs 350.50. The commercial cylinder, which was previously available for Rs 1,769, will now be sold for Rs 2,119.50 in Delhi.
The price hike has been implemented in other cities as well. In Mumbai, the domestic LPG cylinder, which was previously available for Rs 1,052.50, will now cost Rs 1,102.50. Similarly, in Kolkata, the price of a domestic cylinder has increased from Rs 1,079 to Rs 1,129. Even Chennai residents have not been spared from the surge in LPG cylinder prices.
This price hike is a significant setback for consumers, who were already struggling with the rising cost of essential commodities. It is worth noting that this increase comes after a recent decline in the price of LPG cylinders.
Oil companies have stated that the hike in price is due to a rise in the international price of LPG. The increase in the price of commercial cylinders is particularly significant, as they are widely used by small businesses and eateries.
It is crucial for consumers to adapt to these new rates and plan their budgets accordingly. The Indian government has launched several schemes to help vulnerable households cope with rising LPG prices. These initiatives include the Pradhan Mantri Ujjwala Yojana, which provides free LPG connections to women from economically weaker households.
The recent surge in LPG cylinder prices is a reminder of the importance of developing sustainable energy sources to reduce the reliance on traditional fuels like LPG. It is essential for policymakers to prioritize the development of renewable energy sources and promote their use in households and businesses.
In conclusion, the sudden increase in the price of LPG cylinders has dealt a significant blow to Indian consumers’ finances. The government and oil companies need to work together to find solutions to reduce the burden on households and small businesses.
