LPG Cylinder Prices Surge Amid West Asia Conflict: Latest Rates in Major Indian Cities
LPG cylinder price on April 21: Check domestic and commercial gas rates in Delhi, Bengaluru, Mumbai, Kolkata today
Mint
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Following the conflict in West Asia, the Indian government has raised domestic and commercial LPG cylinder prices due to supply shortages from the Strait of Hormuz. As of April 21, domestic LPG prices remain steady, while commercial rates have seen significant increases, prompting calls for a shift to alternative energy sources.
- 01Domestic LPG prices increased by ₹60 in March, with no further changes since.
- 02Commercial LPG prices rose by ₹144 in March and nearly ₹200 on April 1.
- 03India imports 60% of its LPG, with 90% of that through the Strait of Hormuz.
- 04The government is encouraging a shift to alternative energy sources like electric cookstoves and piped natural gas.
- 05Shipping activity through the Strait of Hormuz has sharply declined due to increased tensions.
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The Indian government has increased the prices of both domestic and commercial LPG cylinders due to supply disruptions stemming from the ongoing conflict in West Asia. As of April 21, the price of a 14.2 kg domestic LPG cylinder remains steady after a ₹60 increase in March, while the 19 kg commercial LPG cylinder has seen two hikes totaling nearly ₹344. This surge is attributed to significant supply shortages, as approximately 60% of India's LPG is imported, with 90% of those imports passing through the Strait of Hormuz, a critical shipping route affected by recent tensions. The government has urged consumers to avoid panic buying and consider alternative energy sources, including electric cookstoves and piped natural gas (PNG), as global crude oil prices have surged past $100 per barrel. Sujata Sharma, joint secretary in the petroleum ministry, emphasized the need for consumers to shift to these alternatives to alleviate pressure on domestic fuel supplies.
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The rising LPG prices will likely increase operational costs for restaurants and eateries, potentially leading to higher food prices for consumers.
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