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Commercial LPG cylinder price cut by Rs 58.50 from today

Commercial LPG cylinder price cut by Rs 58.50 from today

Time of India4 hours ago

Households use most of India's LPG
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Crude basket keeps prices in check
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Oil marketing companies have cut the price of 19 kg commercial LPG gas cylinders by Rs 58.50, effective 1 July. In Delhi, this brings the new price down to Rs 1,665 per cylinder.Earlier, in June, oil firms had announced a Rs 24 cut for commercial cylinders, setting the rate at Rs 1,723.50. In April, the price stood at Rs 1,762. February saw a small Rs 7 reduction, but March reversed this slightly with a Rs 6 increase.A company official said, 'The rate of 19 kg commercial LPG gas cylinders has been reduced by Rs 58.50, effective from today.' For small businesses, this cut brings much-needed relief. Hotels, restaurants and other commercial users rely heavily on this fuel for their daily operations.However, households will see no change in their kitchen budgets. The 14.2 kg domestic LPG cylinder price remains untouched, despite calls for a review. 'There is no change in the prices of 14.2 kg domestic cylinders,' the companies confirmed.About 90 per cent of India's total LPG is used for household cooking. The remaining 10 per cent goes to commercial, industrial and automotive sectors. Domestic cylinder prices often stay stable even when commercial rates move up or down.India's policy pegs natural gas prices to 10 per cent of the crude oil basket. The average cost of India's crude basket dropped to $64.5 per barrel in May 2025, the lowest in three years. This drop is expected to ease pressure on oil firms. If crude prices stay near $65, oil companies expect LPG-related losses to fall by about 45 per cent in financial year 2026.Over the last decade, domestic LPG connections have doubled to around 33 crore by April 2025 — a sharp rise showing how deeply cooking gas is tied to daily life in India.

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