LPG, CNG, PNG prices today, August 3: After 19 kg cylinder price reduction, will 14.2 kg cylinder price be reduced? Check rates in Delhi, Mumbai, other cities
LPG, PNG Prices City Wise: The oil marketing companies on August 1 cut the prices of 19 kg commercial LPG cylinders by about Rs 200.
LPG, CNG, PNG prices today, August 3: After 19 kg cylinder price reduction, will 14.2 kg cylinder price be reduced? Check rates in Delhi, Mumbai, other cities | images: ANI
LPG, CNG, PNG Prices Today: The oil marketing companies (OMCs) on August 1 slashed the prices of 19 kg commercial liquefied petroleum gas (LPG) by about Rs 200 per cylinder, giving big relief to restaurant and food outlet owners. This is the second revision since start of the West Asia crisis due to United States Iran war. However, the government has increased the price of Aviation Turbine Fuel (ATF) by Rs 5 per litre to Rs 115 per litre for domestic airlines. Following the recent revision, would the price of domestic cylinders also be reduced? Check details here.
Will Domestic Cylinder Prices Also Be Reduced?
The price of a 14.2 kg LPG cylinder remained unchanged on Monday, amid the ongoing unrest in West Asia. The OMCs make revisions to LPG prices on the first day of every month. Based on previous revisions, changes in domestic gas prices are expected next month. Hence, the price of the 14.2 kg cylinder will be the same this month.
14.2 kg LPG Cylinder Rates
| Cities | Price ( /cylinder) |
| Delhi | 942 |
| Bengaluru | 944.5 |
| Hyderabad | 994 |
| Mumbai | 941.5 |
| Chennai | 957.5 |
| Kolkata | 968 |
| Jaipur | 945.5 |
| Noida | 939.5 |
| Gurugram | 950.5 |
| Chandigarh | 951.5 |
Commercial (19kg) LPG Cylinder Rates
| Cities | Price ( /cylinder) |
| Delhi | 2,738 |
| Bengaluru | 2,821 |
| Hyderabad | 2,985 |
| Mumbai | 2,691.50 |
| Chennai | 2,906 |
| Kolkata | 2,872.50 |
| Jaipur | 2,765.50 |
| Noida | 2,738 |
| Gurugram | 2,755 |
| Chandigarh | 2,760 |
PNG Prices Across Major Cities
| Cities | Price ( /SCM) |
| Delhi | 49.59 |
| Bengaluru | 53 |
| Hyderabad | 51 |
| Mumbai | 51.5 |
| Chennai | 50 |
| Kolkata | 50 |
| Jaipur | 49.5 |
| Noida | 49.45 |
| Gurugram | 48.4 |
| Chandigarh | 54.7 |
Rising Tensions Spark Fuel Supply Concerns Amid Shipping Disruptions
Fresh tensions have caused concerns over fuel supplies. The blockade of Strait of Hormuz has also intensified the fear of fuel and LPG price hikes. Recent airstrikes have also worsened the situation.
To prevent supply disruptions and lower its dependency on Middle Eastern countries, India aims to buy up to 25 percent of LPG from the US by next year. According to a report by Reuters, this shift could also bolster India's position in negotiations for a US trade deal.\
Middle East Supply Disruptions Push India To Diversify LPG Sourcing
The country's focus on diversifying its LPG imports comes after it faced the worst shortage following the West Asia crisis and the closure of the Strait of Hormuz. The central government took emergency steps to divert petrochemical feedstock from industry to households.
Notably, India is the world's third-largest oil importers and it imports about 90 percent of its LPG form the Middle Eastern countries.
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