Oil marketing companies have increased the prices of 19-kg commercial LPG gas cylinders by ₹195.50 across major metropolitan cities, reflecting the ripple effects of escalating geopolitical tensions in West Asia. The revised rates have come into effect from today, impacting industries, restaurants, and hotels that rely heavily on commercial fuel supplies.
According to Indian Oil Corporation Limited, the retail price of a commercial LPG cylinder in Delhi now stands at ₹2,078.50. In Kolkata, the price has risen to ₹2,208, while in Mumbai it is ₹2,031. In Chennai, the new price is ₹2,246.50.
Despite the increase in commercial LPG rates, the government has kept domestic LPG cylinder prices unchanged. The cost of a standard 14.2-kg domestic cylinder remains ₹913, while beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY) continue to receive cylinders at a subsidised rate of ₹613.
The Ministry of Petroleum and Natural Gas clarified that commercial LPG prices are deregulated and market-driven, with revisions typically occurring on a monthly basis. These cylinders account for less than 10 percent of the total LPG consumption in the country.
The ministry attributed the sharp price hike to a significant surge in international LPG benchmarks. The Saudi Contract Price—a key global indicator—has jumped by 44 percent, rising from $542 per metric tonne in March to $780 per metric tonne for April. This spike has been largely driven by supply disruptions, with an estimated 20–30 percent of global LPG shipments currently stalled in the Strait of Hormuz due to ongoing regional tensions.
Officials also highlighted the mounting financial strain on public sector oil marketing companies. These firms are currently incurring an under-recovery of ₹380 per LPG cylinder, with cumulative losses projected to reach approximately ₹40,484 crore by the end of May. Over the past year, oil public sector undertakings absorbed losses of around ₹30,000 crore, with the government contributing an equal amount to shield consumers from volatile global energy prices.
In comparison to neighboring countries such as Pakistan, Sri Lanka, and Nepal, India continues to maintain relatively lower domestic LPG prices, the ministry noted.
Meanwhile, retail prices of petrol and diesel have remained stable despite global uncertainties. In Delhi, petrol is priced at ₹94.77 per litre, while diesel costs ₹87.67 per litre. However, oil companies are facing under-recoveries of ₹24.40 per litre on petrol and ₹104.99 per litre on diesel at current retail selling prices as of April 1.
The ministry also clarified that a recent ₹2 per litre price revision applies only to premium fuel variants such as XP95, Power95, and Speed—high-octane products that account for a small share (2–5 percent) of total fuel sales and are purchased voluntarily by consumers seeking enhanced engine performance.
Reassuring consumers, the government stated that regular petrol and diesel prices remain unchanged across the country, even as fuel prices in several parts of the world have surged by 30 to 50 percent amid the ongoing crisis in West Asia.
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