Commercial LPG Price Hiked by ₹195.50; No Change in Domestic Gas Rates

New Delhi: Amidst ongoing tensions in West Asia, state-run companies on Wednesday hiked the price of commercial LPG by ₹195.50. This increase applies to 19-kilogram cylinders. However, the state-run firms have made no changes to the prices of domestic cylinders; the rates for LPG gas used in households remain unchanged.

This hike in commercial cylinder prices is a direct consequence of the surge in global oil prices, driven by the escalating conflict in West Asia. Following the implementation of the new rates, the price of a 19-kilogram commercial LPG cylinder in Delhi now stands at ₹2,078.50. Prior to this, on March 1, state-run oil companies had increased the price of the 19-kilogram cylinder by ₹114.50.

No Change in Domestic LPG Rates
However, the government has not made any changes to domestic LPG prices. The last price hike for the 14.2-kilogram cylinder—an increase of ₹60—occurred on March 7. This cylinder is currently available in Delhi for ₹913.

How ​​Are Prices Determined?
State-owned oil companies—Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum—revise the prices of Aviation Turbine Fuel (ATF) and LPG on the first day of every month, based on international benchmarks and foreign exchange rates.

Surge in Global Oil Prices
Global oil prices have surged by nearly 50 percent due to disruptions in energy supply chains caused by the conflict in West Asia. The impact of this trend is now being reflected in LPG prices as well.

Petrol and Diesel Prices Remain Stable
Currently, no changes have been made to the prices of petrol and diesel. These rates have remained stable since a reduction of ₹2 per liter in March of last year. In Delhi, the price of petrol currently stands at ₹94.72 per liter, while diesel is selling at ₹87.62 per liter. This price hike could be a cause for concern for businesses and small industries, which will be directly impacted by the rise in energy costs.