Commercial Cylinder Price: Before Diwali, once again, there has been a shock of inflation. The price of an LPG commercial cylinder has been increased by Rs 264. With this increase, now the 19.2 kg commercial cylinder in Delhi has become 2000.5 rupees. Let us see how it can affect you.
Commercial Cylinder Price
Fortunately, there has been no increase in the 14.2 kg domestic LPG cylinder used in homes at present. According to the review done on October 6, 2021, the price of a 19.2 kg cylinder in Delhi was Rs 1736.50. But from the beginning of November, i.e. November 1 2021, it has been increased by Rs 264.
According to the website of Indian Oil, now the price of a commercial cylinder in Delhi has gone up to Rs 2000.50. Similarly, the price of 19.2 kg cylinder in Kolkata has gone up to Rs 2073.5, in Mumbai to Rs 1950 and Lucknow to Rs 2093. Let us tell you that petroleum companies review the price of LPG cylinders every 15 days.
Where are commercial cylinders used?
LPG gas cylinder is made available to consumers in two ways. One for domestic use and the other for commercial use. Commercial gas cylinders are more prominent and used for commercial activities like hotels, dhabas, public eateries, etc. The effect of increasing its price can be, first of all, on the cost of hotel and restaurant food.
Food outside can be expensive due to the increased cost of commercial cylinders. Apart from this, only commercial cylinders are used according to the rules for cooking food in the wedding procession. The effect of rising prices will increase expenses during the wedding season.
Oil slick continues
Gas prices are in their place, but petrol-diesel prices across the country are making new records every day. On Monday, October 1, the prices of petrol and diesel increased for the sixth consecutive day. On Monday, their prices increased by 35-35 paise.
After this, the price of petrol in the capital Delhi became Rs 109.69 per litre. At the same time, diesel is being sold at Rs 98.42 per litre. In Mumbai, a litre of petrol is sold for Rs 115.50 while a litre of diesel is sold for Rs 106.62.
Talking about the increased prices in a year, the cost of petrol has risen by 30 per cent in a year. Since then, petrol has become costlier by Rs 28.28 a litre and diesel by Rs 27.61 in Delhi. Petrol in Delhi was Rs 81.06 and diesel Rs 70.46 per litre on November 1, 2020, exactly a year ago.
Talking about metropolitan Mumbai, petrol has increased by Rs 27.41 a litre and diesel by Rs 29.37 a litre in a year. The prices have increased by more than 30 per cent in the last year.
Government’s huge earnings due to increasing in prices
The central government has earned a lot due to the increase in the prices of petrol and diesel. Compared to the pre-Corona epidemic era, the excise duty collection on petroleum products has increased by 79 per cent.
According to the data of the Controller General of Accounts (CGA) in the Finance Ministry, the excise duty collection of the government on petroleum products in the first six months of the current financial year has increased by 33 per cent to Rs 1.71 lakh crore as compared to the corresponding period of the previous financial year. It was Rs 1.28 lakh crore in the same period last year.
According to news agency PTI, the excise duty collection in April-September, 2019 was Rs 95,930 crore; now, the current group is 79 per cent more. In the entire financial year 2020-21, the government had received Rs 3.89 lakh crore in the name of excise duty from petroleum products. In 2019-20, this figure was Rs 2.39 lakh crore.
Explain that in the previous UPA government, a total of Rs 1.34 lakh crore bonds were issued to petroleum companies to compensate for the loss due to selling LPG, kerosene and diesel at below cost. The Finance Ministry says that Rs 10,000 crore is to be paid in the current financial year.
In such a situation, Finance Minister Nirmala Sitharaman and Petroleum Minister Hardeep Singh Puri have called it a hindrance in not reducing oil prices. He says that the bonds issued during the UPA are now hitting him.