Commercial LPG Price Hike: Due to the ongoing tension between US and Iran, the prices of oil and LPG are continuously increasing. Recently an increase in the prices of commercial LPG cylinders was seen. Due to which everyone from hotel industry to street vendors is getting troubled. Especially those people who are completely dependent on gas for cooking. Due to the increasing cost of LPG, people are facing difficulties in running their business.

What did the street vendors of Delhi say?
Times of India spoke to many street vendors of Delhi after the increase in the price of commercial LPG, in which they said that it is becoming difficult to buy gas and not only this, due to this they are also facing shortage of customers. Due to which many people have to stop their work, while many people are forced to run with domestic cylinders and fireplaces.

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A vendor said that he had closed his stall two weeks ago due to non-availability of commercial cylinders, now he is forced to run his business with coal. The vendor says that this is also affecting his health.

Customers also turned away
While this inflation has created problems for the vendors, now the customers have also turned away from them. Many vendors, whose entire families depend on it, are facing a lot of trouble. In such a situation, due to inflation, the burden of expenditure on the common man’s pocket is also increasing. Due to which they are also avoiding eating outside.

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Let us tell you that recently on Friday, the price of 19 kg commercial LPG has increased by Rs 993. After which its price has become Rs 3071.5 in Delhi. There has also been an increase of Rs 261 in the price of 5 kg LPG cylinder, whose price has become Rs 810.5.

The ongoing conflict in Western Asia has started shaking India’s business system. Concern is deepening from the major markets of the capital Delhi to the industrial world. If the situation continues like this for a long time, it can have a direct impact on business and everyday life worth thousands of crores.

Uneasiness is clearly visible in the big business centers of Delhi like Chandni Chowk, Khari Baoli, Bhagirath Place, Kashmiri Gate and Sadar Bazaar. A large part of these markets is dependent on exports to Western Asia and Europe through Dubai. The current situation has increased uncertainty over the supply chain, due to which traders are worried about the future.

Fear of crisis on business worth Rs 5000 crore

Chamber of Trade and Industry Chairman Brijesh Goyal has warned that if the war prolongs, Delhi’s trade and industry may have to suffer a loss of about Rs 5000 crore. According to the organization, this impact will not be limited to exports only, but will also affect the local markets.

Signs of impact on demand for Indian apparel also

According to CTI officials, Indian clothes, especially Sherwani, are very popular in the countries of West Asia including Iran. But the current situation has slowed down the pace of this trade, due to which the apparel industry is also on the verge of being affected.

There was also a rise in the prices of dry fruits

An increase of 30 to 40 percent has been recorded in the prices of dry fruits like pistachios, plums, raisins, figs, dates and mamra coming from Iran. This has not only increased the costs of traders but has also affected the pockets of common consumers.

Pressure on pharmaceutical industry due to inflation of raw materials

The rise in prices of essential commodities like chemical components, plastics and aluminum has increased the costs of pharmaceutical companies. These materials are widely used in the manufacturing of tablets and syrups as well as in packaging, making production expensive.

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Huge increase in raw materials of essential medicines

In recent times, the price of paracetamol raw material has increased by about 47 percent. Apart from this, there has been an increase of 54 percent in diclofenac, 33 percent in diclofenac potassium, 45 percent in amoxicillin trihydrate and about 60 percent increase in ciprofloxacin. This situation is indicating that the prices of medicines will increase in the coming time.

Street food business collapses due to LPG crisis

The shortage of LPG cylinders has badly affected the hotels, restaurants, banquets, dhabas and street food vendors of Delhi. Many small businessmen have either been forced to close their shops or are able to operate only for a limited time.

Out of 50 thousand vendors, 40% business is on the verge of closure.

According to CTI, there are about 50 thousand street food vendors in Delhi. Of these, 30 to 40 percent vendors have reached the stage of closing their business due to shortage of LPG. This is becoming a serious crisis not only for business but also for the livelihood of thousands of people.

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