CNG price hike: Delhi sees third revision in 10 days, fuel rates climb to ₹81/kg
Domestic LPG prices in major Indian cities remained steady on Saturday, May 30, despite a sharp, ten-day surge in petrol, diesel, and CNG costs triggered by the ongoing US-Iran conflict.The war in West Asia disrupted global energy supplies, including those to India. India's 40 per cent of crude imports, 65 per cent of natural gas and 90 per cent of LPG supplies, which came from countries in the Gulf region, were disrupted due to the three-month-long conflict.According to the latest data from oil marketing companies (OMCs), the price of a 14.2-kg domestic cylinder holds at ₹913 in Delhi, ₹912.50 in Mumbai, ₹939 in Kolkata, and ₹928.50 in Chennai.The commercial sector has faced substantial cost increases, with 19-kg cylinder prices jumping by over ₹900 last month before stabilising.CityDomestic LPG (14.2 Kg)Commercial LPG (19 Kg)New Delhi ₹913.00 ₹3,071.50Kolkata ₹939.00 ₹3,202.00Mumbai ₹912.50 ₹3,024.00Chennai ₹928.50 ₹3,237.00Gurgaon ₹921.50 ₹3,088.00Noida ₹910.50 ₹3,071.50Bangalore ₹915.50 ₹3,152.00Bhubaneswar ₹939.00 ₹3,238.00Chandigarh ₹922.50 ₹3,092.50Hyderabad ₹965.00 ₹3,315.00Jaipur ₹916.50 ₹3,099.00Lucknow ₹950.50 ₹3,194.00Patna ₹1,002.50 ₹3,346.50Thiruvananthapuram ₹922.00 ₹3,106.00LPG prices in India are usually revised at the start of every month, depending on changes in global crude oil prices, currency exchange rates, freight costs and government subsidy policies.Domestic cooking gas prices remain politically sensitive because of their direct impact on household budgets. For now, consumers continue to get temporary relief as LPG cylinder prices remain unchanged despite growing uncertainty in global energy markets.Govt asks OMs to expand storage capacityThe government has asked state-run fuel retailers to expand liquefied petroleum gas (LPG) storage capacity to cover at least 30 days of demand, a senior oil ministry official said on Friday, as supply disruptions linked to the West Asia conflict highlight the need for larger reserves."We are working on the strategic reserves. Oil marketing companies have been asked to work out (a plan) to have LPG reserves for a minimum of 30 days with them, and they are working on it," Sujata Sharma, joint secretary in the petroleum ministry, told reporters.The government said the country has sufficient stocks of petrol, diesel, LPG, crude oil and natural gas, adding that refineries were operating at optimum levels and LPG production was at an all-time high of around 52,000 tonnes per day."No dry out reported at any LPG distributorship," Sharma said, while adding that "abnormal sale is being observed at many petrol pumps".‘Avoid panic buying’Defence Minister Rajnath Singh urged the public to avoid panic buying petrol, diesel, and LPG, assuring them that the government is taking all necessary steps to maintain fuel supplies."The supply situation in the country today is normal. The citizens should avoid panic purchase of petrol, diesel and LPG as the government is pulling out all stops to ensure the availability of all essential items," Singh said on X.About the AuthorLivemintFor about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories from around the world, helping our readers to stay informed on the latest developments around the globe. Our Coverage Areas 1. Companies: Comprehensive news and analysis on listed and unlisted companies, corporate announcements, corporate chatter, C-suite, business trends, hiring alerts, layoffs, work-life balance, world's top billionaires and richest and more. 2. Personal finance: Insights into mutual funds, small savings schemes like - PPF, SSY, post office savings scheme, stock to watch, personal loans, credit cards, top bank FDs, real est
