Commercial LPG cylinder prices slashed by Rs 192; domestic rates unchanged

Mangalore Today News Network

New Delhi, Aug 1, 2026: The Central government on Saturday reduced the price of 19-kg commercial LPG cylinders by ₹192, marking the second consecutive monthly price cut after a series of sharp increases triggered by the West Asia crisis.

With the latest revision, the price of a commercial LPG cylinder in Delhi has been reduced to ₹2,738, effective August 1. Commercial LPG prices are revised on the first day of every month based on international benchmark rates and foreign exchange fluctuations, with retail prices varying across states due to local taxes.

There has been no change in the price of 14.2-kg domestic LPG cylinders, which will continue to cost ₹942. Domestic LPG prices were last revised upward by ₹29 per cylinder on June 7.

The latest reduction follows a ₹183.50 cut on July 1, partially reversing the steep price hikes seen in recent months amid global supply concerns linked to the conflict in West Asia. Commercial LPG prices had increased by ₹60 in March and reached record levels in June as disruptions caused by the Iran conflict pushed international energy prices higher.

Between February and June, the price of a 19-kg commercial LPG cylinder surged by ₹1,373, rising from ₹1,740.50 to ₹3,113.50.

The price cut comes shortly after Prime Minister Narendra Modi chaired a high-level meeting with senior ministers and top officials to review India’s preparedness amid the escalating geopolitical tensions in West Asia.

During the meeting, the government reviewed the country’s fuel supply situation and reiterated that there is no shortage of LPG, petrol or diesel despite ongoing regional tensions.

India, the world’s third-largest importer of crude oil and the second-largest importer of LPG, has faced supply concerns due to disruptions in the Strait of Hormuz, through which nearly 20 per cent of global oil shipments pass.

To reduce dependence on Middle Eastern supplies, India is also planning to source about 25 per cent of its LPG requirements from the United States from 2027, while increasing spot purchases from the US and other suppliers.