The price of both domestic and commercial LPG cylinders has been increased across India, with the revised rates coming into effect from today. The hike comes amid rising global energy costs linked to the ongoing tensions in West Asia.
According to the latest revision, a 14.2 kg domestic LPG cylinder will now cost ₹60 more across the country. Meanwhile, the price of a 19 kg commercial LPG cylinder has been increased by ₹115.
Impact on households and businesses
The increase in domestic LPG prices is expected to affect household budgets, particularly for families that rely heavily on cooking gas for daily needs.
Commercial establishments such as restaurants, hotels and catering services may also feel the impact of the price revision, as the higher cost of commercial cylinders could raise operational expenses.
Industry observers say the latest hike reflects broader volatility in global energy markets.
Global conflict influencing energy costs
The rise in LPG prices comes as tensions escalate in the Middle East, especially involving Iran, Israel and the United States.
The conflict has disrupted energy supply routes and heightened concerns about the security of oil shipments passing through the Strait of Hormuz, a critical global shipping corridor for crude oil and natural gas.
Analysts note that such geopolitical developments often lead to fluctuations in fuel prices, which eventually affect domestic LPG rates.
Periodic revisions common
LPG prices in India are periodically revised by oil marketing companies based on changes in global fuel prices, currency exchange rates and transportation costs.
The latest increase marks another adjustment reflecting the evolving international energy scenario.