Amid the global energy crisis and the ongoing conflict in the Middle East, international oil prices have surged by nearly 50%. As a result, government-owned oil companies in India have increased the prices of commercial LPG cylinders. Firms such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum have revised rates in line with international benchmarks and exchange rate fluctuations.
Commercial vs Domestic gas prices
According to oil companies, the price of a 19 kg commercial LPG cylinder in Delhi has been hiked by Rs 195.5, taking the total to Rs 2,078.50. Earlier, on March 1, the price had already been increased by Rs 114.5.
However, there is some relief for households as domestic cooking gas (LPG) prices remain unchanged. In Delhi, a 14.2 kg domestic cylinder continues to cost Rs 913. The last revision was a hike of Rs 60 on March 7. Meanwhile, due to disruptions linked to the Middle East conflict, a 20% cap has been imposed on commercial gas supply in the national capital.
Despite the rise in LPG prices, petrol and diesel rates have remained stable. Following a Rs 2 per litre cut in March last year, there has been no major change. Currently, petrol is priced at Rs 94.72 per litre and diesel at Rs 87.62 per litre in Delhi.
With tensions escalating in West Asia, efforts are being made to ensure steady supply through LPG tankers routed via the Strait of Hormuz. However, if the conflict persists, further increases in petroleum product prices cannot be ruled out.