Domestic LPG Prices Increased Amid Global Energy Crisis
LPG prices hiked: Check how rates in Delhi, Mumbai, Kolkata and Chennai have changed
Hindustan TimesImage: Hindustan Times
Domestic LPG prices have risen by ₹29 per cylinder, marking the second increase in three months due to high global energy costs linked to the West Asia crisis. This follows a previous hike of ₹60 in March, affecting cooking fuel and commercial LPG prices across major cities in India.
- 01The latest domestic LPG price hike is ₹29 per cylinder, effective immediately.
- 02This is the second increase in three months, following a ₹60 hike in March.
- 03Petrol and diesel prices have also risen by ₹7.50 per litre since mid-May.
- 04Commercial LPG prices have seen multiple increases, with the latest being ₹42 for a 19-kg cylinder.
- 05India's reliance on imported crude oil makes domestic fuel prices sensitive to global market changes.
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The price of domestic liquefied petroleum gas (LPG) has increased by ₹29 per cylinder, marking the second hike in three months as state-owned fuel retailers struggle with high global energy prices amid ongoing conflicts in West Asia. This adjustment follows a ₹60 increase on March 7, which was also influenced by disruptions in global energy supplies. The cumulative rise in petrol and diesel rates since mid-May amounts to ₹7.50 per litre, while compressed natural gas (CNG) prices have climbed by approximately ₹6 per kg. Furthermore, commercial LPG prices have been subject to multiple increases, with a recent rise of ₹42 for a 19-kg cylinder, bringing the total to ₹3,113. The ongoing conflict involving the United States and Iran has exacerbated global energy costs, particularly affecting crude oil and LPG supplies from the Strait of Hormuz, a crucial energy transit route. Given that India imports over 85% of its crude oil, domestic fuel prices remain highly susceptible to fluctuations in international energy markets.
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The increase in LPG prices will directly affect household cooking costs and commercial operations, particularly in the food service industry.
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