- Domestic LPG prices increased by Rs 29 per 14.2-kg cylinder.
- Elevated global energy prices caused second hike in three months.
- Despite hikes, OMCs still incur significant losses on sales.
City Wise LPG Prices: Domestic cooking gas prices have been revised upward once again, with state-owned oil marketing companies increasing the price of a standard 14.2-kg LPG cylinder by Rs 29. The latest hike comes less than three months after a previous revision and reflects continued pressure from elevated global energy prices.
Following the increase, the price of a 14.2-kg domestic LPG cylinder in Delhi has risen from Rs 913 to Rs 942, effective June 7, according to industry sources cited by PTI.
The latest revision follows a Rs 60-per-cylinder increase implemented on March 7, when geopolitical tensions in West Asia disrupted global energy supplies and pushed up international fuel prices.
Domestic LPG Prices In Major Cities Today (14.2-kg Cylinder)
City Domestic LPG Price (14.2 kg)
Delhi: Rs 942
Kolkata: Rs 968
Mumbai: Rs 941.50
Bangalore: Rs 944.50
Indore: Rs 970
Lucknow: Rs 979.50
Ahmedabad: Rs 949
Coimbatore: Rs 971
Patna: Rs 1,031.50
Chennai: Rs 957.50
Mysore: Rs 946.50
Kanpur: Rs 957
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Commercial LPG Prices In Major Cities Today (19-kg Cylinder)
City Commercial LPG Price (19 kg)
Delhi: Rs 3,113.50
Kolkata: Rs 3,255.50
Mumbai: Rs 3,067.50
Bangalore: Rs 3,198
Indore: Rs 3,222.50
Lucknow: Rs 3,236
Ahmedabad: Rs 3,135
Coimbatore: Rs 3,229
Patna: Rs 3,400
Chennai: Rs 3,283
Mysore: Rs 3,178
Kanpur: Rs 3,133.50
Oil Marketing Companies Continue To Face Under-Recoveries
Despite the latest increase, industry estimates suggest that state-owned oil marketing companies are still incurring significant losses on the sale of subsidised domestic LPG cylinders.
According to the PTI report, oil retailers were estimated to be losing around Rs 703 on every domestic LPG cylinder sold before the latest revision. The recent hike is expected to offset only a portion of these losses, as international fuel and energy prices remain elevated.
Industry sources indicated that the gap between procurement costs and retail selling prices continues to remain substantial, even after successive price increases.
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Fuel Price Hikes Extend Beyond LPG
The revision in LPG rates comes amid broader increases across the fuel basket.
Petrol and diesel prices have risen by a cumulative Rs 7.50 per litre since mid-May, while compressed natural gas (CNG) prices have increased by nearly Rs 6 per kg.
According to industry estimates cited by PTI, oil marketing companies continue to sell petrol and diesel below cost. The estimated under-recoveries currently stand at around Rs 11 per litre on petrol and Rs 33.6 per litre on diesel.
Global Energy Prices Remain A Key Factor
The latest increase in LPG prices comes against the backdrop of continued volatility in global energy markets.
Geopolitical tensions and disruptions to energy supplies have kept international fuel prices elevated in recent months, increasing costs for Indian fuel retailers.
The government has so far avoided passing on the entire impact of higher global energy prices to consumers. Instead, a portion of the burden has been absorbed by state-owned oil marketing companies as they navigate a challenging pricing environment.
