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Home»Business»LPG price hike: Domestic cooking gas cost up by Rs 60 a cylinder | India News – The Times of India
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LPG price hike: Domestic cooking gas cost up by Rs 60 a cylinder | India News – The Times of India

editorialBy editorialMarch 8, 2026No Comments3 Mins Read
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LPG price hike: Domestic cooking gas cost up by Rs 60 a cylinder | India News – The Times of India
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LPG price hike: Domestic cooking gas cost up by Rs 60 a cylinder

NEW DELHI: Domestic cooking gas will cost Rs 60 more per cylinder from Saturday while commercial LPG price rose by Rs 114.5, amid pressure on global energy markets and rising costs due to the West Asia conflict, reports Atul Mathur.The 14.2-kg domestic LPG cylinder now costs Rs 913 in the capital.Officials said there will be no revision in the retail price of petrol and diesel, as oil marketing companies (OMCs) have enough cushion to absorb the rise in global crude prices.LPG cylinder price was last hiked by Rs 50 in April 2025The price of a 19-kg commercial cylinder is Rs 1,883. Ujjwala beneficiaries, who receive a subsidy of Rs 300 per cylinder directly in their bank accounts, will now pay Rs 613 per bottle. The price was last increased by Rs 50 last April. Prices of commercial cylinders, used by hotels and restaurants, are revised monthly based on international fuel costs. They were last hiked by Rs 28 per 19-kg cylinder on March 1 and have risen by Rs 302.5 in the last three months from Rs 1,580.5 in Dec 2025. The development comes a day after the government invoked emergency powers under the Emergency Commodities Act of 1955 and directed refiners to increase production of liquefied petroleum gas (LPG) for domestic customers due to supply constraints arising from the ongoing West Asia conflict. India imports over 60% of its LPG requirement and nearly 85-90% of shipments pass through the Strait of Hormuz, which is currently disrupted, curtailing energy flows from the region and triggering a spike in global oil and gas prices. India has over 33.3 crore LPG consumers, including 10.5 crore Pradhan Mantri Ujjwala Yojana beneficiaries who get a subsidy of Rs 300 per cylinder. In 2024-25, the country consumed 31.3 million tonne of LPG, of which only 12.8 million tonne were produced domestically.Officials said the govt has always tried to shield households from international volatility. Domestic LPG prices are linked to international benchmarks such as the Saudi Contract Price (CP). Even as the Saudi CP benchmark rose 16% between Nov 2025 and Feb 2026, domestic LPG prices remained unchanged. Despite the latest revision, domestic LPG prices remain below the market-determined price of Rs 987 for a 14.2-kg cylinder in Delhi in March 2026, they said.Officials said the three state-owned OMCs β€” Indian Oil, Bharat Petroleum and Hindustan Petroleum β€” absorbed losses of around Rs 39,000 crore in 2024-25 to protect domestic LPG consumers. Govt compensated Rs 30,000 crore to them.β€œThe impact of the hike translates to about 80 paise per day for a family of four, or just 20 paise per person, assuming an average consumption of 4-5 cylinders per household annually,” a govt official said, adding that LPG in India remains cheaper than in many countries. A cylinder costs Rs 1,207 in Kathmandu, Rs 1,241 in Sri Lanka and Rs 1,046 in Pakistan, the official said. Retail petrol and diesel prices were last revised in April 2022. OMCs absorb losses when crude prices are high and make profits when rates are low.

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