Domestic LPG cylinder prices across India have remained unchanged despite growing speculation over possible fuel price hikes linked to the ongoing West Asia conflict and recent energy-saving measures suggested by Prime Minister Narendra Modi.
Currently, the price of a 14.2 kg domestic LPG cylinder stands at around ₹913 in Delhi and ₹939 in Kolkata, while prices in other major cities also remain stable. The last revision in domestic LPG prices took place on March 7, when rates were increased by ₹60 per cylinder.
However, reports and market discussions suggest that petrol and diesel prices could rise by ₹4–5 per litre in the coming weeks, while domestic LPG cylinder prices may see a hike of ₹40–50 per cylinder due to global energy concerns and rising crude oil prices.
The speculation intensified after Prime Minister Modi urged citizens to reduce petrol and diesel consumption in light of supply disruptions caused by tensions in the Middle East. During a public address in Hyderabad, the Prime Minister encouraged people to use metro services, adopt carpooling, and resume work-from-home practices wherever possible to conserve fuel and reduce foreign exchange spending on energy imports.
Commercial LPG Prices Increased Earlier
Earlier this month, the government increased prices of 19 kg commercial LPG cylinders by nearly ₹993 nationwide. Following the revision, commercial cylinder prices rose significantly across major cities, reflecting growing pressure on energy supply chains amid geopolitical tensions in West Asia.
The concerns stem largely from disruptions linked to tensions surrounding the Strait of Hormuz, a crucial global oil transit route. Market experts believe any prolonged instability in the region could further impact global fuel prices and India’s import costs.
Domestic LPG Rates in Major Cities
Among metro cities, Hyderabad currently has one of the highest domestic LPG prices at around ₹965 per cylinder, while Patna has crossed the ₹1,000 mark. Mumbai remains among the lowest-priced metro markets at approximately ₹912.50 per cylinder.
Focus on Fuel Conservation
The government has so far avoided increasing petrol and diesel prices for domestic consumers despite rising global crude prices. However, officials continue to stress the importance of energy conservation measures to reduce pressure on imports and foreign exchange reserves.
Industry observers are now closely monitoring global oil movements and geopolitical developments to assess whether fuel prices in India could see further revisions in the coming weeks.
Originally published on 24×7-news.com.
