Pralhad Joshi links LPG price hike to global factors and imports
Union Minister Pralhad Joshi said the sharp rise in commercial LPG cylinder prices was driven by global factors and India’s import dependence. While domestic LPG and fuel prices remain unchanged, the hike is expected to affect restaurants, eateries and commercial establishments nationwide
New Delhi: Reacting to the Rs 993 increase in commercial LPG cylinder prices, Union Minister Pralhad Joshi on Saturday said the rise is due to global factors, and more than 50 per cent of India’s LPG dependency is on import.
Speaking to reporters Joshi said: “That is an international problem and more than 50 per cent of our LPG dependency is there on import. And because of that, only at present, we are in difficulties.”
He added that the government has maintained stability in key fuel prices despite global volatility, noting that the Narendra Modi government has kept domestic LPG, petrol, diesel, and piped natural gas rates unchanged till now.
“Modi government has maintained the price of petrol, diesel and domestic LPG as it is, and even LNG that is piped natural gas, but this is an inevitable thing that’s why this happened,” he added.
Meanwhile in Bihar, BJP leader Ram Kripal Yadav also remarked on the increase in commercial LPG cylinder prices, saying, “…The country is facing difficulties due to the ongoing war, not only our nation but many countries around the world are dealing with major challenges. The government is closely monitoring the situation and is ensuring that consumers do not face unnecessary hardships while taking decisions accordingly.”
Despite mounting pressure to raise fuel prices amid disruption linked to tensions around Iran, the government has decided to keep domestic LPG rates unchanged. The minister added that the Modi government has maintained prices of petrol, diesel, and domestic LPG, as well as piped natural gas, despite global volatility.
However, the price of commercial LPG (19-kg cylinder) has been increased by an average of Rs 993. In Delhi, commercial LPG cylinders now cost Rs 3,071.50, up from Rs 2,078.50 earlier. In Mumbai, prices have risen from Rs 2,031 to Rs 3,024.
This marks the third increase in commercial LPG prices since February 28, when the Iran conflict escalated. The first hike of Rs 144 was implemented in March, followed by another increase of nearly Rs 200 on April 1.
The repeated price revisions are expected to significantly impact restaurants, eateries, and other commercial establishments that depend heavily on LPG for daily operations. Industry observers note that food businesses may pass on the additional cost to consumers, potentially making dining out and food delivery more expensive in the coming weeks.
