The price of commercial LPG cylinders used by hotels, restaurants and other businesses was increased by ₹42 per 19-kg cylinder on Monday, news agency PTI reported citing industry sources.
Following the revision, the price of a 19-kg commercial LPG cylinder in Delhi has risen to ₹3,113.50 from ₹3,071.50 earlier.
However, there was no change in the rates of domestic LPG cylinders used in household kitchens. The price of a 14.2-kg domestic LPG cylinder remains unchanged at ₹913.
The latest revision affects commercial consumers, while households will continue to pay the existing rate for cooking gas.
The increase in commercial LPG prices comes against the backdrop of rising global energy costs triggered by the ongoing war between the United States and Iran.
India imports more than 85 per cent of its crude oil requirements, making domestic fuel prices vulnerable to developments in global energy markets.
Commercial LPG prices have surged in recent months, with Monday's increase following a series of steep hikes that have significantly raised operating costs for restaurants, hotels, caterers and other businesses that rely heavily on LPG.
Industry experts say commercial LPG prices are more closely linked to international energy rates and are revised more frequently than domestic cooking gas prices.
Petrol and diesel prices have also seen multiple upward revisions in recent weeks as crude oil prices surged following the escalation of tensions in West Asia.
Rising fuel prices have broader implications for the economy as they increase transportation and logistics costs, which can eventually feed into retail inflation.
