State-owned oil marketing companies have increased the prices of domestic and commercial LPG cylinders. Household cooking gas prices have gone up by Rs 60, while commercial cylinders are now costlier by Rs 114.5. This price hike is attributed to the surge in global energy prices linked to the ongoing conflict in the Middle East.
The Indian Oil Corporation reported that non-subsidised domestic LPG prices have risen to Rs 913 per 14.2-kg cylinder in New Delhi, up from Rs 853 previously. This marks the second price increase for domestic LPG cylinders in less than a year. Commercial LPG cylinders, commonly used by hotels and restaurants, have also seen a price hike of Rs 114.5 per unit.
Industry officials note that the recent spike in global energy prices is a result of heightened military tensions in the Middle East. This conflict has disrupted energy market sentiment and raised concerns about supply stability in major global oil and gas routes. The rise in LPG prices coincides with broader volatility in energy markets, with crude oil prices climbing due to escalating geopolitical tensions in the region.
PSU oil marketing companies have assured that fuel stocks are sufficient despite rumors of petrol and diesel shortages. Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation (IOCL) have refuted claims of fuel shortages, labeling them as “completely unfounded” and “baseless.” BPCL emphasized that India’s energy supply remains reliable and resilient, with abundant petroleum reserves and uninterrupted supply chains.
IOCL also dismissed social media reports suggesting fuel shortages, stating that India has ample fuel stocks and normal functioning supply and distribution networks. The company reaffirmed its commitment to ensuring uninterrupted fuel supply nationwide and urged citizens to rely on official sources for accurate information. On the stock market, shares of BPCL and IOCL closed in the negative zone, with BPCL falling nearly 2% to Rs 352.95 and IOCL declining about 2% to Rs 168.10 on the National Stock Exchange of India.
