Amid tensions in Iran and the uncertain situation created by the blockade of the Strait of Hormuz, people were worried about when and how much the prices would change in the coming days. The new rates of LPG gas cylinders for the month of May, which are effective from today, have now been released. From today, May 1, while there has been no change in the price of 14.2 kg domestic gas cylinder in major cities of India, the rates of 19 kg commercial gas cylinder have seen a huge increase. Effective from today, the price of commercial LPG cylinder has been increased by ₹993. After this increase, the price of a 19 kg cylinder in Delhi will become ₹3,071.50.
Latest rates of commercial cylinders
After the recent price hike of ₹993, the rates for 19 kg commercial cylinders today are as follows:
Delhi: ₹3,071.50
Mumbai: ₹3,024 (approx)
Kolkata: ₹3,201.50 (approx)
Third consecutive price increase
It is worth noting that this is the third consecutive time this year that the rates of commercial cylinders have been revised. The first hike—an increase of ₹144—took place on March 7. Subsequently, on April 1, prices were raised again by ₹200; And now, a huge hike of ₹993 has been implemented directly.
It is a matter of relief that there has been no change in the prices of domestic cylinders during this period, which ensures that there will be no additional financial burden on the common families of the country. This year, the price of domestic cylinders was increased only once—in March—by ₹60.
Domestic cylinder prices today
Delhi: ₹913.00
Mumbai: ₹912.50
Chennai: ₹928.50
Kolkata: ₹939.00
India’s dependence on energy imports
India imports about 60 percent of its total LPG requirements. Before the US and Israeli attacks on Iran on February 28—and Tehran’s subsequent retaliation—more than half of India’s crude oil imports, about 30 percent of gas, and 85–90 percent of LPG came from West Asian countries such as Saudi Arabia and the UAE.
However, due to the current tensions in the Middle East and the blockade in the Strait of Hormuz, oil marketing companies (OMCs) are under pressure at the moment. Nevertheless, India, meanwhile, has compensated to some extent for the disruptions in crude supplies by importing oil from countries like Russia. Conversely, gas supplies to industrial consumers have been cut, and LPG availability to commercial establishments such as hotels and restaurants has also been reduced.
