LPG Cylinder Prices Hiked Amid Iran Conflict

New Delhi, March 7 (Udaipur Kiran): Domestic LPG cylinder prices in India have been increased amid the ongoing conflict in West Asia. The price of the 14.2 kg domestic LPG cylinder has been raised by ₹60, while the 19 kg commercial LPG cylinder has become costlier by ₹115.

LPG Cylinder Prices

According to sources quoted by ANI, the revised prices have come into effect from March 7.

In the national capital Delhi, the price of a domestic LPG cylinder was earlier ₹863, which has now increased to ₹913 after the hike. Meanwhile, the price of a commercial LPG cylinder in Delhi has reached ₹1,883, while in Mumbai it is now ₹1,835.

The price increase has come at a time when tensions in West Asia have escalated following attacks on Iran by the United States and Israel. Earlier, there were concerns that the situation could lead to a rise in fuel prices such as petrol and LPG in India, although the government had denied such possibilities.

Government data shows that in the previous financial year, India’s total LPG consumption stood at around 3.13 crore tonnes. Out of this, only 1.28 crore tonnes were produced domestically, while the remaining requirement was met through imports from Gulf countries and other sources.

India is largely dependent on Saudi Arabia and other Gulf nations for LPG supply. Due to the ongoing war situation, concerns have been raised over the security of supplies through the Strait of Hormuz, which has affected gas availability.

To address the issue and increase LPG availability in the country, the Petroleum Ministry on March 5 directed oil refineries to use propane and butane produced during refining exclusively for LPG production. LPG is essentially a mixture of these two gases and is widely used as cooking fuel in households.

Under an order issued under the Essential Commodities Act, 1955, refineries have also been instructed to supply the produced LPG only to the three public sector oil marketing companies — Indian Oil, Bharat Petroleum and Hindustan Petroleum. Additionally, refineries have been directed not to use propane and butane for manufacturing petrochemical products.

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