LPG Cylinder Prices Remain Steady Amid Geopolitical Tensions
LPG cylinder price on 26 April: How much does domestic and commercial gas cost in Delhi, Bengaluru, Mumbai, today
Mint
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As of April 26, 2023, domestic LPG prices in India remain unchanged despite ongoing geopolitical tensions affecting supply. The price for a 14.2 kg domestic cylinder was raised by ₹60 in March, while commercial LPG prices have seen significant increases, with a nearly ₹200 rise this month.
- 01Domestic LPG prices remain stable as of April 26, 2023.
- 02The price of a 14.2 kg domestic LPG cylinder increased by ₹60 in March.
- 03Commercial LPG prices rose by nearly ₹200 in April following previous increases.
- 04The Indian government assures 100% supply of domestic LPG despite geopolitical tensions.
- 05Online bookings for LPG have surged to nearly 99%, indicating heightened demand.
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On April 26, 2023, domestic LPG cylinder prices in India remained unchanged, following a ₹60 increase in March. The price of a 14.2 kg domestic LPG cylinder has been stable since the beginning of the US-Iran conflict on February 28. In contrast, commercial LPG prices have seen significant fluctuations, with a nearly ₹200 increase this month after a previous rise of ₹144 in March. The Ministry of Petroleum and Natural Gas has assured citizens of a 100% supply of domestic LPG, PNG, and CNG, urging against panic buying amid the ongoing geopolitical situation in West Asia. The government has also reported that online bookings for LPG have surged to nearly 99%, with measures in place to prevent diversion of supplies. Furthermore, the allocation of commercial LPG has been increased to about 70% of pre-crisis levels, prioritizing essential sectors such as healthcare and agriculture.
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The stability in domestic LPG prices helps maintain affordability for households, while the rise in commercial LPG prices may lead to increased costs for businesses, potentially affecting prices of goods and services.
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