IOC Hikes Commercial LPG Prices By ₹42 To ₹3113.5

The revision comes as part of IOC’s monthly price adjustment mechanism. While domestic LPG prices remain unchanged to shield households, commercial users face higher costs, adding pressure to the hospitality and service sectors already grappling with inflation.  

Commercial LPG Price Revision  

The increase of ₹42 per cylinder marks the latest in a series of adjustments linked to international energy markets. Commercial LPG is widely used by eateries, bakeries, and catering services, making the hike a direct burden on operational expenses.  

Impact On Businesses  

Industry experts warn that sustained price hikes could lead to higher menu prices in restaurants and increased costs for small enterprises. The move underscores the vulnerability of India’s energy sector to global supply chain disruptions and geopolitical tensions.  

Market Context  

Domestic LPG rates remain stable, supported by government subsidies and regulatory measures. However, commercial LPG continues to be exposed to market-linked fluctuations, reflecting the broader challenges of balancing consumer protection with fiscal realities.  

Price Hike Highlights  

• IOC raises commercial LPG price by ₹42  
• New rate for 19-kg cylinder at ₹3113.5  
• Domestic LPG prices remain unchanged  
• Restaurants and hotels face higher operating costs  
• Global crude volatility drives monthly adjustments  

Sources: Reuters, Economic Times, Mint