Jubilant FoodWorks share price: Shares of hotels, restaurants, and quick service restaurant (QSR) chains will be in focus on Wednesday, April 1, as the 19 kg commercial LPG gas cylinder will become more expensive starting today.
According to news reports, in Delhi, the price of a 19 kg cylinder has increased by ₹195.50, and in Kolkata, by ₹218, effective from today, April 1.
A 19-kg commercial LPG now costs ₹2,078.50 in Delhi, according to state-owned oil companies.
The prices have been increased, given a surge in global oil prices linked to the widening West Asia conflict.
This is the second price hike in commercial LPG gas within a month.
Early in March, the price of commercial LPG - the one used by establishments such as hotels and restaurants - was increased by ₹114.5 per 19-kg cylinder. The revised rate stood at ₹1,883 in Delhi. This increase came on top of the ₹28 per 19-kg cylinder rise effected on March 1.
The commercial LPG rate had already risen by ₹302.50 until March.
Commercial LPG is widely used by restaurants, hotels, catering, and small industries, so cost pressures can impact companies linked to hospitality, such as Jubilant FoodWorks, Westlife Foodworld, and Indian Hotels Company, among others. As a result, these companies' stocks may face pressure if LPG costs rise.
Details to know
State-owned Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum revise ATF and LPG prices on the first day of every month based on international benchmarks and the exchange rate.
Global oil prices have shot up almost 50% after the war in West Asia disrupted energy supply chains.
Petrol and diesel prices continue to remain frozen after a ₹2 per litre reduction in March last year; petrol currently costs ₹94.72 per litre in Delhi and diesel ₹87.62.
Oil price outlook
Oil prices remain elevated, hovering around the $100 range, reflecting persistent concerns about supply disruptions, rising geopolitical risk premiums, and tightening global energy markets.
According to the US Energy Information Administration (US EIA), the Brent crude oil price will remain above $95/b over the next two months before falling below $80/b in the third quarter of 2026 and around $70/b by the end of the year.
"We expect prices to average $64/b in 2027. This price forecast is highly dependent on our modelled assumptions of both the duration of conflict in the Middle East and resulting outages in oil production," the agency said early in March.