The increasing tension in the Middle East is affecting many countries. Talking about LPG cylinders, there is no change in prices in India today – Friday, May 22. This has provided some relief to domestic consumers, who are already facing inflationary pressure. According to the latest rates released by oil marketing companies (OMCs), the prices of 14.2 kg domestic LPG cylinders remained unchanged across major cities of the country.
LPG cylinder prices in big cities (domestic and commercial)
City Domestic LPG (14.2 Kg) Commercial LPG (19 Kg)
New Delhi ₹913.00 (0.00) ₹3,071.50 (+993.00)
Kolkata ₹939.00 (0.00) ₹3,202.00 (+994.00)
Mumbai ₹912.50 (0.00) ₹3,024.00 (+993.00)
Chennai ₹928.50 (0.00) ₹3,237.00 (+990.50)
Gurgaon ₹921.50 (0.00) ₹3,088.00 (+993.00)
Noida ₹910.50 (0.00) ₹3,071.50 (+993.00)
Bengaluru ₹915.50 (0.00) ₹3,152.00 (+991.00)
Bhubaneswar ₹939.00 (0.00) ₹3,238.00 (+993.50)
Chandigarh ₹862.50 (0.00) ₹3,092.50 (+993.00)
Hyderabad ₹965.00 (0.00) ₹3,315.00 (+994.00)
Jaipur ₹916.50 (0.00) ₹3,099.00 (+993.00)
Lucknow ₹950.50 (0.00) ₹3,194.00 (+993.00)
Patna ₹1,002.50 (0.00) ₹3,346.50 (+993.50)
Thiruvananthapuram ₹922.00 (0.00) ₹3,106.00 (+993.00)
Why are LPG prices stable?
It is worth noting that despite the fluctuations in the prices of crude oil and LPG in the international market, oil companies are currently providing relief to domestic consumers. Companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum are bearing a part of the cost. According to reports, the companies’ losses have increased due to increase in global freight charges and supply pressure; However, its direct impact has not yet been felt on domestic prices.
impact of global stress
Global energy markets remain volatile due to ongoing tensions in the Middle East and supply concerns over the Strait of Hormuz. Experts believe that if international prices remain high for a long time, it could impact domestic LPG rates in the near future.