LPG Price Hike: Inflation Shock! Gas Cylinder Prices Surge by Nearly ₹1,000; Check the Latest Rates

LPG Cylinder Price Hike Today, May 1: As the month of May begins, the price of the 19-kilogram commercial LPG cylinder has witnessed a massive hike of ₹993.

LPG Cylinder Rates Today: In light of the uncertain situation arising from tensions in Iran and the blockade of the Strait of Hormuz, people were anxious about when and by how much prices would fluctuate in the coming days. With the commencement of May today, the new rates for LPG gas cylinders have been released.

Today, May 1, while there has been no change in the price of the 14.2-kilogram domestic gas cylinder across India’s major cities, the rates for the 19-kilogram commercial gas cylinder have seen a significant increase. Effective today, the price of a commercial LPG cylinder has been raised by ₹993. Following this hike, the price of a 19-kilogram cylinder in Delhi will stand at ₹3,071.50.

Latest Commercial Cylinder Rates

Following the recent hike of ₹993, the rates for the 19-kilogram commercial cylinder today are as follows:

Delhi: ₹3,071.50
Mumbai: ₹3,024 (Approximate)
Kolkata: ₹3,201.50 (Approximate)

Third Consecutive Price Hike

It is worth noting that this marks the third consecutive instance this year where the rates for commercial cylinders have been revised. The first hike—an increase of ₹144—occurred on March 7. This was followed by another increase of ₹200 on April 1, and now, a substantial hike of ₹993 has been implemented directly.

On a reassuring note, there has been no change in the prices of domestic cylinders during this period, ensuring that no additional financial burden is placed upon the average households of the country. This year, the price of domestic LPG cylinders was hiked only once—in March—by ₹60.

Domestic Cylinder Prices Today

Delhi: ₹913.00
Mumbai: ₹912.50
Chennai: ₹928.50
Kolkata: ₹939.00

India’s Dependence on Energy Imports

India imports approximately 60 percent of its LPG requirements. Prior to the US and Israeli strikes on Iran on February 28—and Tehran’s subsequent retaliation—India sourced over half of its crude oil imports, nearly 30 percent of its gas, and 85–90 percent of its LPG from West Asian nations such as Saudi Arabia and the UAE.

However, due to ongoing tensions in the Middle East and a blockade in the Strait of Hormuz, Oil Marketing Companies (OMCs) are currently under pressure. Nevertheless, India has managed to partially offset the disruptions in crude oil supplies by importing oil from other nations, such as Russia, in the interim. Conversely, gas supplies for industrial users have been curtailed, and the availability of LPG for commercial establishments—such as hotels and restaurants—has also been reduced.