The disruption of power supply due to the war in West Asia has affected the common man, with state-run oil marketing companies on Saturday raising cooking gas prices across the country by 100%. $60 per cylinder of 14.2 kg capacity, which raises the price of domestic LPG cylinders in Delhi to $913 – highest retail price since August 2023.
According to industry executives, the current rate hike reflects a partial transfer of the impact from the energy supply crisis in West Asia after the war in the region disrupted tanker traffic through the Strait of Hormuz. This led to benchmark Brent crude prices rising to $94.64 per barrel in Friday’s session before settling at $93.32, a jump of nearly 27% in just one week. Likewise, the halt of LNG supplies from Qatar caused spot LNG prices in Asia to more than double from about $10 per million British thermal units to about 25 million British thermal units.
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State-run companies are unlikely to raise petrol and diesel prices immediately, as they have a large cushion to protect consumers from a price shock, said people familiar with the matter, who requested anonymity. HT reported on March 6 that the combined net profits of state-run refineries exceeded that $57,810 crore in the first nine months of FY26, an increase of 192% over $They earned Rs 19,768 crore in the same period in FY25.
However, companies decided to raise kitchen fuel prices for Indian families – the first increase in 11 months. The price of cooking gas in India was last raised by $50 cylinder for $853 per cylinder on April 8, 2025.
Retail prices vary by city due to transportation costs and local fees. The cost of the cylinder has jumped $939 in Kolkata from $879 on Saturday. Likewise, cost $912.50 cylinder in Mumbai (from $852.50) and $928.50 in Chennai (from $868.50).
The price of 19-kg commercial liquefied gas cylinders used for industrial purposes also jumped $114.50 LBP $1883 per cylinder in Delhi.
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Three state-run oil marketing companies (OMCs) – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) – dominate the country’s LPG retail sector. Poor families will also pay a higher price for gas, but will continue to receive it $300 per subsidy cylinder under Pradhan Mantri Ujjwala Yojana (PMUY).
