LPG Cylinder Price Update: How Much Did Rates Increase on June 10? City-Wise Details
The recent increase in domestic LPG cylinder prices has left many households worried. The hike came after commercial LPG cylinder rates had already moved higher, adding to the burden on consumers and businesses alike.
One of the key reasons behind the rising prices is the sharp increase in global fuel costs. Ongoing tensions in the Middle East have disrupted energy supplies, pushing up crude oil and LPG prices in the international market.
Oil Companies Bearing a Heavy Burden
Despite the steep rise in global LPG prices, consumers are not paying the full market-linked cost. Public sector oil marketing companies are reportedly absorbing a loss of nearly ₹700 on every domestic LPG cylinder sold.
This subsidy-like support has helped keep prices relatively lower than global levels, even as import costs continue to rise.
Latest LPG Cylinder Prices in Major Cities
Consumers planning to buy an LPG cylinder can check the current rates below:
New Delhi
Domestic Cylinder: ₹942.00
Commercial Cylinder: ₹3,113.50
Mumbai
Domestic Cylinder: ₹941.50
Commercial Cylinder: ₹3,067.50
Kolkata
Domestic Cylinder: ₹968.00
Commercial Cylinder: ₹3,256.00
Chennai
Domestic Cylinder: ₹957.50
Commercial Cylinder: ₹3,283.00
Bengaluru
Domestic Cylinder: ₹944.50
Commercial Cylinder: ₹3,198.00
Lucknow
Domestic Cylinder: ₹979.50
Commercial Cylinder: ₹3,236.00
Global LPG Prices Witness Sharp Jump
According to the Ministry of Petroleum and Natural Gas, international LPG prices have climbed dramatically in recent months, increasing India's import bill.
The benchmark Saudi Aramco Contract Price (CP) for the widely used 50:50 propane-butane LPG blend stood at US$542.50 per tonne in February. However, supply disruptions linked to the Strait of Hormuz pushed the price to US$775 per tonne in April.
The upward trend has continued, with the benchmark reaching US$790 per tonne in June.
Why Prices Are Rising
The ministry noted that both propane and butane, the two key components used in LPG, have become significantly more expensive in the global market. Since India imports a large share of its LPG requirement, higher international prices directly impact procurement costs.
With geopolitical uncertainties still affecting energy markets, LPG prices are likely to remain under pressure in the coming months.
One of the key reasons behind the rising prices is the sharp increase in global fuel costs. Ongoing tensions in the Middle East have disrupted energy supplies, pushing up crude oil and LPG prices in the international market.
Oil Companies Bearing a Heavy Burden
Despite the steep rise in global LPG prices, consumers are not paying the full market-linked cost. Public sector oil marketing companies are reportedly absorbing a loss of nearly ₹700 on every domestic LPG cylinder sold.This subsidy-like support has helped keep prices relatively lower than global levels, even as import costs continue to rise.
Latest LPG Cylinder Prices in Major Cities
Consumers planning to buy an LPG cylinder can check the current rates below: New Delhi
Domestic Cylinder: ₹942.00 Commercial Cylinder: ₹3,113.50
Mumbai
Domestic Cylinder: ₹941.50 Commercial Cylinder: ₹3,067.50
Kolkata
Domestic Cylinder: ₹968.00 Commercial Cylinder: ₹3,256.00
Chennai
Domestic Cylinder: ₹957.50 Commercial Cylinder: ₹3,283.00
Bengaluru
Domestic Cylinder: ₹944.50 Commercial Cylinder: ₹3,198.00
Lucknow
Domestic Cylinder: ₹979.50 Commercial Cylinder: ₹3,236.00
Global LPG Prices Witness Sharp Jump
According to the Ministry of Petroleum and Natural Gas, international LPG prices have climbed dramatically in recent months, increasing India's import bill. The benchmark Saudi Aramco Contract Price (CP) for the widely used 50:50 propane-butane LPG blend stood at US$542.50 per tonne in February. However, supply disruptions linked to the Strait of Hormuz pushed the price to US$775 per tonne in April.
The upward trend has continued, with the benchmark reaching US$790 per tonne in June.
Why Prices Are Rising
The ministry noted that both propane and butane, the two key components used in LPG, have become significantly more expensive in the global market. Since India imports a large share of its LPG requirement, higher international prices directly impact procurement costs.With geopolitical uncertainties still affecting energy markets, LPG prices are likely to remain under pressure in the coming months.
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