Current LPG Cylinder Prices in Major Indian Cities Amid Global Energy Crisis
LPG gas cylinder price on 11 May: How much does domestic and commercial cooking gas cost in New Delhi, Mumbai, Bengaluru
Mint
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As of May 11, domestic LPG cylinder prices in India remain unchanged despite previous hikes, with a 14.2 kg cylinder priced at ₹912.50 in Mumbai. Commercial LPG prices surged to a record high of ₹3,071.50 for a 19 kg cylinder, raising concerns among businesses. Prime Minister Narendra Modi urges judicious use of petroleum products amid ongoing global tensions.
- 01Domestic LPG cylinder prices remain stable at ₹912.50 in Mumbai.
- 02Commercial LPG prices have reached a record high of ₹3,071.50 for a 19 kg cylinder.
- 03Oil marketing companies are incurring losses of ₹1,600-1,700 crore daily.
- 04The cumulative losses of OMCs have exceeded ₹1 lakh crore due to the global energy crisis.
- 05Prime Minister Modi emphasizes the need for energy conservation and prudent use of imported petroleum.
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As of May 11, 2023, domestic LPG cylinder prices in India have remained unchanged, with a 14.2 kg cylinder priced at ₹912.50 in Mumbai. This stability follows a ₹60 increase implemented on March 7, 2023. In contrast, commercial LPG prices have surged dramatically, with a 19 kg cylinder now costing ₹3,071.50, raising concerns among hotels and restaurants reliant on this fuel. Additionally, the price of a 5 kg FTL LPG cylinder has risen from ₹549 to ₹810.50, nearing the cost of the standard household cylinder. Prime Minister Narendra Modi has called for the judicious use of petroleum products in light of the ongoing crisis in West Asia, advocating for energy conservation to mitigate the impact of rising global prices. State-owned oil marketing companies (OMCs), including Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd, are reportedly losing ₹1,600 to ₹1,700 crore daily to maintain lower retail prices, leading to cumulative losses exceeding ₹1 lakh crore over the past ten weeks. This situation raises questions about the sustainability of such subsidies in the long term.
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The rising costs of commercial LPG can lead to increased prices for food and services in restaurants and hotels, affecting consumers directly.
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