State-run oil marketing companies have increased the price of domestic 14.2-kg LPG cylinders by ₹29, bringing the cost in Delhi to ₹942, marking the second such hike in three months, driven by elevated global energy costs stemming from the West Asia crisis which has significantly impacted crude oil prices, pushing them from an average of USD 69 per barrel in February to USD 113-114 per barrel subsequently, leading these companies to incur substantial losses estimated at ₹703 per LPG cylinder sold before the revision, and also affecting commercial LPG cylinder prices, petrol, diesel, and CNG which have seen recent increases while oil marketing companies continue to sell petrol and diesel below cost.

State-run oil marketing companies have increased the price of domestic 14.2-kg LPG cylinders by ₹29, bringing the cost in Delhi to ₹942, marking the second such hike in three months, driven by elevated global energy costs stemming from the West Asia crisis which has significantly impacted crude oil prices, pushing them from an average of USD 69 per barrel in February to USD 113-114 per barrel subsequently, leading these companies to incur substantial losses estimated at ₹703 per LPG cylinder sold before the revision, and also affecting commercial LPG cylinder prices, petrol, diesel, and CNG which have seen recent increases while oil marketing companies continue to sell petrol and diesel below cost.

State-run oil marketing companies have increased the price of domestic 14.2-kg LPG cylinders by ₹29, bringing the cost in Delhi to ₹942, marking the second such hike in three months, driven by elevated global energy costs stemming from the West Asia crisis which has significantly impacted crude oil prices, pushing them from an average of USD 69 per barrel in February to USD 113-114 per barrel subsequently, leading these companies to incur substantial losses estimated at ₹703 per LPG cylinder sold before the revision, and also affecting commercial LPG cylinder prices, petrol, diesel, and CNG which have seen recent increases while oil marketing companies continue to sell petrol and diesel below cost.

Domestic cooking gas consumers will have to pay more for their LPG cylinders as state-run oil marketing companies have increased the price by ₹29 with effect from June 7. This is the second price hike in three months, as fuel retailers continue to grapple with elevated global energy costs amid the West Asia crisis.

The price of a 14.2-kg LPG cylinder in Delhi has risen to ₹942 from ₹913. Earlier, on March 7, the price was increased by ₹60 per cylinder.

According to news agency PTI, state-run oil marketing companies—Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited—were estimated to be losing around ₹703 on every LPG cylinder sold before the latest price revision. The losses were attributed to the West Asia conflict, which disrupted global energy supplies and pushed up international fuel prices.

Last week, commercial LPG cylinder prices were also increased. The price of a 19-kg commercial cylinder was raised by ₹42 in Delhi and ₹53.50 in Kolkata. Following the revision, the retail price of a commercial cylinder stands at ₹3,113.50 in Delhi and ₹3,255.50 in Kolkata, inclusive of local taxes.

According to the Ministry of Petroleum and Natural Gas, domestic refineries are currently producing between 50,000 and 52,000 tonnes of LPG every day.

Meanwhile, petrol and diesel prices have been raised by a cumulative ₹7.50 per litre since mid-May, while compressed natural gas (CNG) rates have increased by around ₹6 per kg. However, industry sources claim that despite the recent price hikes, oil marketing companies continue to sell petrol and diesel below cost, incurring losses of approximately ₹11 per litre on petrol and ₹33.6 per litre on diesel.

India’s crude oil import basket averaged around USD 69 per barrel in February, before the conflict began. In the months that followed, crude prices surged to an average of USD 113–114 per barrel, reflecting the impact of the geopolitical crisis on global energy markets.