Oil Marketing Companies (OMCs) have announced a fresh price cut of ₹58.50 for 19-kg commercial LPG cylinders, starting July 1, offering modest relief to hotels, eateries, and catering units.
According to the Indian Oil Corporation (IOC), the new rate in Delhi is ₹1,665, reduced from ₹1,723.50 in June. This marks the second consecutive monthly drop. In June, rates fell by ₹24. The price stood at ₹1,762 in April, while a marginal ₹7 cut was made in February. However, March saw a minor increase of ₹6.
Updated IOC data also shows current rates in other metros:
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Kolkata: ₹1,769 (↓ ₹57)
Mumbai: ₹1,795.10
Chennai: ₹1,790.10
These variations are attributed to state taxes and transportation charges. Still, the reduction is expected to ease pressure on small food businesses, especially in urban areas.
Commercial users account for roughly 10% of India’s LPG consumption, with households using the bulk 90%. While domestic LPG rates remain unchanged, the commercial segment benefits from these ongoing cuts, which reflect international pricing trends and government efforts to support small enterprises.
For businesses dependent on daily LPG usage—such as street vendors, bakeries, and cafes—this drop is a welcome support during a time of rising operational expenses.