Rise in Prices from 1st day of December: Commercial LPG Prices Hiked by ₹16.5; Jet Fuel Becomes Costlier by 1.45% - PUNE PULSE
Effective December 1st, commercial LPG prices have increased by ₹16. 5, directly impacting businesses such as hotels and restaurants that utilize 19-kg cylinders. The revised prices indicate a significant adjustment, with the cost in Delhi now at ₹1,818. 50 compared to ₹1,802 previously, while Mumbai's rate is set at ₹1,771. This price hike reflects ongoing trends in energy costs and their impact on the hospitality sector.
Furthermore, the cost of aviation turbine fuel has also risen by 1. 45%, adding to the financial pressures within the aviation industry. Notably, household LPG rates have been maintained, highlighting a strategic approach to minimize the impact on everyday consumers. The monthly price revisions are critical for businesses as they navigate fluctuating operational costs. These changes can lead to increased prices for consumers if businesses decide to pass on the costs.
Overall, the adjustments in LPG and jet fuel prices are significant for both the local economy and the broader market dynamics.