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LPG Rate Today: There is no change in the rates of domestic and commercial cylinders in the country today. In Delhi, the price of a domestic gas cylinder is ₹942, while the commercial cylinder costs ₹3,113.5.

LPG Rate Today (June 25): LPG prices remain stable across India today. The price of a 14.2 kg domestic LPG cylinder was raised by ₹29 on June 7, bringing the cost in Delhi to ₹942. Meanwhile, commercial LPG prices were last hiked by ₹42 on June 1; there has been no change in prices since then.

City-wise LPG prices

Why did gas cylinder prices rise?

India imports more than 60% of its LPG requirements from other countries. Consequently, fluctuations in global markets have a direct and immediate impact on fuel prices within the country. India's LPG import cost is determined by the global benchmark known as the 'Saudi Aramco Contract Price'.

Due to the ongoing crisis in West Asia, this global benchmark has surged by approximately 46% since February. Additionally, the supply chain has been severely affected by the blockade of the Strait of Hormuz. This is why India's gas imports dropped to just 6.96 lakh tonnes in April, compared to the usual monthly average of around 20 lakh tonnes.

When might prices decrease?

Despite the drop in international crude oil prices, there will be no immediate reduction in LPG prices. It could take at least 3 to 6 months for this to happen.

Based on current international prices, the actual cost of a cylinder is around ₹1,600, yet the price of a domestic gas cylinder in Delhi stands at ₹942. In other words, the oil companies themselves are absorbing the price differential.

Due to this gap, oil companies are projected to incur a total loss of up to ₹60,000 crore in the current financial year. Until this loss level decreases and the Saudi Contract Price (Saudi CP) also comes down, the companies will not be in a position to lower prices.