Domestic LPG Cylinder Prices Hiked by INR 29 in India Amid Rising Global Energy Costs
The price of a 14.2 kg domestic LPG cylinder in India has risen by INR 29, pushing the retail rate in Delhi to INR 942. Driven by surging international energy costs and massive under-recoveries by state-owned oil companies—who were losing nearly INR 703 per cylinder—this decision follows recent steep hikes in petrol, diesel, and CNG prices across the country.
The retail prices of domestic energy products in India continue to climb as global market volatility hits state-owned distribution systems. The latest INR 29 hike on a 14.2 kg domestic LPG cylinder caps off a three-month period where consumers have seen cooking gas prices jump by a total of INR 89. This pricing is determined by evaluating international LPG benchmarks combined with the Indian Rupee’s exchange strength against the US Dollar, alongside import margins, bottling plant operations, and local taxation. While the minor adjustments on the 14.2 kg and 5 kg cylinders offer slight financial cushioning to public oil marketing companies, these firms continue to handle massive deficits, including an estimated INR 11 per liter loss on petrol and INR 33.6 per liter loss on diesel. Government authorities have maintained that localized pricing mechanisms, subsidies, and tax structures are actively being leveraged to insulate retail consumers from bearing the full brunt of skyrocketing global crude oil indices.