LPG Cylinder Price Hike Today: Check New Domestic and Commercial Gas Rates Across India

LPG Price Hike: The price of LPG has seen a significant upward revision, impacting both domestic households and commercial establishments. Effective Saturday, March 7, new LPG cylinder rates have been implemented across the country. Following a prolonged period of unchanged rates, this sudden price hike is expected to strain the monthly budgets of ordinary citizens and small businesses alike.

Detailed Breakdown of the Price Revision

The price increase applies to both domestic and commercial gas cylinders across all major cities.

• Domestic Cylinders: The cost of a standard 14.2-kg household cooking gas cylinder has surged by Rs 60 nationwide.
• Commercial Cylinders: The 19-kg commercial cylinder, primarily used by hotels, restaurants, and small eateries, has become costlier by Rs 115.

Following this revision, the price of a domestic LPG cylinder in Delhi has climbed from Rs 853 to Rs 913. In Mumbai, residents will now pay Rs 912.50, up from Rs 852.50. Consumers in Kolkata will see the price jump from Rs 879 to Rs 939, while in Chennai, the revised rate is now Rs 928.50 compared to the previous Rs 868.50.

Commercial establishments will also bear the brunt of the hike. The price of a 19-kg cylinder in Kolkata has now reached Rs 1990. Similarly, the revised commercial rates stand at Rs 1883 in Delhi, Rs 1835 in Mumbai, and Rs 2043.50 in Chennai.

Assurances on National Fuel Supply

Amid the price hike, rumors regarding fuel shortages had begun circulating on social media platforms. However, Hardeep Singh Puri, the Union Minister for Petroleum and Natural Gas, promptly reassured citizens that India faces absolutely no energy shortage. He emphasized that the government is comfortably ensuring affordable and sustainable fuel availability.

Furthermore, the Indian Oil Corporation (IOC) dismissed any speculation about a scarcity of petrol and diesel as completely baseless. The state-run company confirmed that fuel supply networks are operating normally and urged citizens not to panic-buy at fuel stations.

Geopolitical Resilience and Future Stock

Despite global concerns regarding potential disruptions in the Strait of Hormuz, government sources confirmed that India’s energy supply remains exceptionally secure.

• Diversified Oil Imports: India has successfully diversified its crude import sources over recent years. Notably, imports from Russia have seen a massive boost, firmly securing domestic requirements.
• Robust LPG Reserves: The government has strictly instructed local refineries to scale up their LPG production. Additionally, under a fresh long-term supply contract, LPG shipments from the United States have already started arriving in India.

Authorities have reiterated that current stock levels for both crude oil and LPG are more than adequate to meet the country’s regular demand without any immediate roadblocks.