Domestic cooking gas prices have been increased by Rs 29 per cylinder, marking the second hike in three months as state-owned oil marketing companies continue to grapple with elevated global energy costs.
With effect from June 7, the price of a 14.2-kg domestic LPG cylinder in Delhi has been raised to Rs 942 from Rs 913. The latest revision follows a Rs 60-per-cylinder increase announced on March 7 after the conflict in West Asia disrupted global energy markets and pushed up international fuel prices.
The price of a domestic LPG cylinder in Mumbai has increased to Rs 941.50 from Rs 912.50 earlier, while consumers in Kolkata will now pay Rs 968, up from Rs 939.
According to the Indian Oil Corporation (IOC) website, domestic LPG cylinders are currently priced at Rs 944.50 in Bengaluru, Rs 949 in Ahmedabad and Kerala, Rs 956 in Goa, and Rs 957.50 in Tamil Nadu.
Industry sources said oil marketing companies were unable to fully recover losses despite the earlier hike. State-run fuel retailers were estimated to be losing around Rs 703 on every domestic LPG cylinder sold prior to the latest revision. The fresh increase is expected to partially offset those losses, although companies continue to face pressure from high import and supply costs.
The LPG price hike comes amid a broader rise in fuel prices across the country. Petrol and diesel prices have been increased by a cumulative Rs 7.50 per litre since mid-May, while compressed natural gas (CNG) rates have risen by around Rs 6 per kg during the same period.
According to industry estimates, retailers continue to incur losses of about Rs 11 per litre on petrol and Rs 33.6 per litre on diesel despite recent revisions, reflecting the impact of higher global crude oil and refined fuel prices.
The government has so far refrained from allowing a complete pass-through of international energy costs to consumers, with a portion of the burden being absorbed by state-owned fuel retailers to balance inflation concerns and the financial health of oil marketing companies.
Meanwhile, the government has assured consumers that fuel supplies remain stable despite ongoing geopolitical tensions in West Asia.
Speaking at a press briefing on June 4, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said adequate stocks of crude oil, LPG, petrol and diesel are available in the country and refineries are operating at optimum levels.
"Despite the ongoing situation in West Asia, supplies of crude oil, LPG and natural gas remain stable, and adequate stocks of petrol, diesel and LPG are available in the country," she said, adding that no LPG distributorships have reported shortages.
Earlier on June 1, oil marketing companies had also increased commercial LPG prices. The price of a 19-kg commercial LPG cylinder in Delhi was raised by Rs 42 to Rs 3,113.50, while in Kolkata it was increased by Rs 53.50 to Rs 3,255.50.
Global energy markets have remained volatile in recent months, with geopolitical tensions in West Asia continuing to influence crude oil and fuel prices worldwide.
