INVC NEWS
New Delhi : As the festive season approaches, consumers are greeted with an unwelcome surprise: inflation. Starting today, October 1, government oil marketing companies have raised the prices of commercial LPG cylinders, sending ripples of concern across households and businesses alike. Let’s delve into the specifics of this price hike and examine the contrasting developments in air travel costs.
Price Increase for Commercial Cylinders
From today, the cost of a 19 kg commercial LPG cylinder has surged by Rs 48.5. This means that in the national capital, Delhi, the price now stands at Rs 1,740. Other major cities are also seeing significant increases: Kolkata’s price is Rs 1,850, Mumbai’s is Rs 1,692, and Chennai’s has climbed to Rs 1,903. This adjustment follows a smaller hike of Rs 6.5 per cylinder in August, illustrating a troubling trend for commercial users.
Domestic Cylinder Prices Remain Steady
In a small relief to the average consumer, the price of domestic LPG cylinders has remained unchanged. For now, this means that home cooking will not be significantly affected by the rise in commercial cylinder costs. However, the increased expense in the commercial sector may lead to higher prices in restaurants and eateries, prompting consumers to rethink their dining options.
Aviation Fuel Prices Drop: A Silver Lining for Air Travel
On a brighter note, the government has offered a substantial reprieve to the aviation sector by slashing the price of aviation turbine fuel (ATF) by Rs 5,883 per kilolitre. This adjustment also takes effect today, following last month’s reduction of Rs 4,495.48 per kilolitre. The question now is whether airlines will pass on these savings to passengers in the form of lower airfares. If they do, travelers may find air travel becoming more affordable, providing a counterbalance to the rising costs seen elsewhere.
