Synopsis: Amid rising geopolitical tensions in the Middle East, LPG prices in India have increased. The price of the 14.2-kg domestic LPG cylinder has been raised by Rs 60, while the 19-kg commercial LPG cylinder has become costlier by Rs 115. The revised rates have come into effect immediately as the government monitors global energy supply disruptions.
LPG Cylinder Prices Increased Amid Global Energy Concerns
India has witnessed an increase in the prices of both domestic and commercial LPG cylinders following ongoing tensions in the Middle East that have disrupted global energy supply chains.
The price of the 14.2-kg domestic LPG cylinder has been increased by Rs 60, while the 19-kg commercial LPG cylinder has become costlier by Rs 115. The revised prices have come into effect from today.
New LPG Prices in Major Cities
Following the latest revision, the price of a domestic LPG cylinder in Delhi has increased to Rs 913 from the earlier price of Rs 853.
Similarly, the price of a 19-kg commercial LPG cylinder in Delhi now stands at Rs 1,883. In Mumbai, the commercial cylinder will cost Rs 1,835.
Middle East Conflict Impacting Energy Markets
The price hike comes amid escalating tensions in the Middle East, particularly the widening conflict involving Iran and Israel. The situation has raised concerns over the stability of global energy supplies.
The government has stated that it is closely monitoring developments in the region to ensure that domestic energy needs are not disrupted.
Government Steps Up LPG Production
To ensure adequate supply, the government has directed all LPG refineries, including both public and private sector facilities, to increase production.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri had earlier stated that India currently does not face any immediate energy shortage despite geopolitical tensions in the Middle East.
India Maintains Adequate Fuel Reserves
Government sources have indicated that the country has sufficient reserves of petroleum products, including crude oil, petrol, diesel, and LPG.
Oil marketing companies are also exploring additional imports from countries outside the Gulf region to minimise the impact of potential disruptions.
Strait of Hormuz Situation Raises Supply Concerns
Global energy markets have also been affected after Iran halted ship movements through the Strait of Hormuz, one of the world’s most important maritime routes for oil and gas transportation.
Any disruption in this region could affect international crude supply and transportation.
US Reaches Out to India on Russian Oil Purchases
Meanwhile, US Energy Secretary Chris Wright stated in a media interview that the United States has approached India regarding the purchase of stored Russian oil to stabilise global markets.
According to him, moving stored crude oil into Indian refineries could help reduce pressure on global refineries and prevent a sharp rise in oil prices.
He explained that this measure is temporary and aims to address logistical challenges created by shipping disruptions in the Strait of Hormuz.
📌 Key Takeaway
LPG cylinder prices in India have increased as global energy markets react to geopolitical tensions in the Middle East. While domestic prices have risen by Rs 60, commercial LPG cylinders have become costlier by Rs 115, with the government closely monitoring energy supply and maintaining adequate reserves.