LPG price hike: Domestic cylinders may rise by Rs 60, commercial cylinders by Rs 115 — report

NEW DELHI: The price of domestic cooking gas cylinders may increase from Saturday (March 7), with the cost of a 14.2-kg LPG cylinder rising by Rs 60 across the country, according to sources cited by news agency ANI.With the latest revision, the price of a 14.2-kg domestic LPG cylinder in Delhi may increase from Rs 853 to Rs 913. In Mumbai, the rate will go up from Rs 852.50 to Rs 912.50.In Kolkata, the price will rise from Rs 879 to Rs 930, while in Chennai it will increase from Rs 868.50 to Rs 928.50. The revised rates will come into effect immediately.The hike also impacts businesses, with the price of a 19-kg commercial LPG cylinder rising by Rs 115 from the same date.

As per ANI, the price of a commercial cylinder in Delhi will be increased from Rs 1,768.50 to Rs 1,883. In Mumbai, it will go up from Rs 1,720.50 to Rs 1,835. In Kolkata, the price will climb from Rs 1,875.50 to Rs 1,990, while in Chennai it will increase from Rs 1,929 to Rs 2,043.50.The revision will mark the first major change in domestic LPG prices since April 2025, when the non-subsidised rate in Delhi was Rs 853. The latest hike is expected to affect both household consumers and commercial establishments such as hotels and restaurants that depend heavily on LPG for daily operations.

Government says energy supply remains comfortableThe price increase comes amid broader discussions around India’s energy supply situation, particularly as tensions in West Asia raise concerns about potential disruptions in global oil routes.Union minister for petroleum and natural gas Hardeep Singh Puri earlier sought to reassure consumers about the country’s energy security.“Our priority is to ensure the availability of affordable and sustainable fuel for our citizens, and we are doing it comfortably.

There is no shortage of energy in India, and there is no cause of worry for our energy consumers,” Puri said in a post on X.Indian Oil Corporation also dismissed rumours circulating on social media about a shortage of petrol and diesel, calling them baseless. The company said India has adequate fuel stocks and that supply and distribution networks are functioning normally.“India has sufficient fuel stocks, and supply and distribution networks are functioning normally.

IndianOil is committed to maintaining uninterrupted fuel supply across the country,” the company said in a statement on X.India diversifying energy sourcesGovernment sources said India currently remains in a “very comfortable position” regarding crude oil, petroleum products and LPG supplies despite concerns linked to the Strait of Hormuz.According to the sources, the country has diversified its crude import basket in recent years and now sources energy from multiple geographies to reduce dependence on any single route.

Russia, which accounted for only 0.2 per cent of India’s crude imports in 2022, has become a major supplier. In February, India imported around 20 per cent of its crude requirements from Russia, or roughly 1.04 million barrels per day, sources told ANI.Officials also said LPG refineries have been directed to increase production to maintain adequate supplies, while imports from the United States have begun arriving since January under a one-year contract signed by Indian public sector oil companies for around 2.2 million tonnes of LPG from the US Gulf Coast for 2026.