‘Doubled in months’: Karnataka hoteliers seek LPG price rollback amid crude rate decline
The KSHA on Friday urged the Central Government to immediately slash commercial LPG cylinder prices, which have nearly doubled in recent months, citing a sharp decline in global crude oil prices. India has removed restrictions on supplies of commercial liquified petroleum gas imposed during the Middle East war when energy supplies were hit by the closure of the Strait of Hormuz. (AFP) G K Shetty, President of the Karnataka State Hotels Association, in a press release, said commercial LPG cylinders were priced at around ₹1,800 in February. After dealer discounts, hotels procured them for approximately ₹1,650 to ₹1,700 per cylinder. He said the conflict in the Middle East severely disrupted global gas supplies, which gradually recovered to nearly 70 per cent of normal levels. These disruptions resulted in a steep increase in commercial LPG prices, Shetty said. Hotels and restaurants are now paying ₹3,198 per commercial LPG cylinder – almost double what they were paying a few months ago. As international crude oil prices have now declined to around USD 70 per barrel, roughly the …

