Current LPG Cylinder Prices in Major Indian Cities Amid Global Energy Concerns
What LPG cylinder costs on 13 May: Domestic vs commercial rates in Delhi, Mumbai, Bengaluru
Mint
Image: Mint
As of May 13, domestic LPG cylinder prices in India remain unchanged despite ongoing supply concerns from the West Asia conflict. A 14.2-kg cylinder costs ₹912.50 in Mumbai, while commercial LPG prices have risen significantly, affecting hospitality businesses. Prime Minister Modi emphasizes energy conservation amid rising costs.
- 01Domestic LPG cylinder prices remain stable at ₹912.50 in Mumbai.
- 02Commercial LPG prices for a 19-kg cylinder have reached ₹3,071.50.
- 03Oil marketing companies are incurring daily losses of ₹1,600–1,700 crore.
- 04Prime Minister Modi urges conservation of petroleum products.
- 05Cumulative losses for oil companies have surpassed ₹1 lakh crore since the West Asia conflict began.
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On May 13, domestic LPG cylinder prices in India remained unchanged, with a 14.2-kg cylinder costing ₹912.50 in Mumbai. Despite the ongoing conflict in West Asia impacting global energy markets, no further price adjustments have been made since the ₹60 increase on March 7. Commercial LPG prices have surged, with a 19-kg cylinder now priced at ₹3,071.50, putting pressure on hospitality businesses reliant on cooking fuel. The Prime Minister of India, Narendra Modi, has called for prudent use of petroleum products, emphasizing the need for energy conservation to mitigate the economic effects of global conflicts. State-owned oil marketing companies (OMCs) are reportedly absorbing losses of ₹1,600–1,700 crore daily to shield consumers from these price hikes, leading to cumulative losses exceeding ₹1 lakh crore over the past ten weeks. This situation raises concerns about the sustainability of such subsidies without impacting the financial health of these companies.
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The stability of domestic LPG prices provides some relief to households, but rising commercial LPG costs could lead to higher prices in restaurants and hotels, affecting consumers directly.
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