LPG Cylinder Rate: The public received some relief on the LPG front today, as prices remained unchanged. Domestic LPG prices were raised by ₹60 in March. Rates have remained stable since then.
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LPG Cylinder Rate Today on May 29: Escalating geopolitical tensions between Iran and the United States have raised concerns about energy supplies worldwide. In India, too, people have begun to worry about potential shortages or price increases for LPG and petroleum products. However, the government has clarified that there is currently no shortage of domestic LPG supplies in the country and that distribution is continuing as normal.
Officials have also urged people not to panic or believe rumors circulating about gas availability. Meanwhile, a significant difference remains between the prices of domestic and commercial LPG cylinders in many cities across India, as domestic LPG cylinder prices were increased by only ₹60 in March, while commercial cylinder prices were increased by a whopping ₹993 on May 1st.
City-wise gas cylinder prices
| City | domestic gas cylinder prices | commercial gas cylinder prices |
| Delhi | 913.0 rupees | Rs 3071.5 |
| Mumbai | 912.5 rupees | Rs 3024.0 |
| Kolkata | 939.0 rupees | Rs 3202.5 |
| Chennai | 928.5 rupees | Rs 3237.0 |
| Bengaluru | 915.5 rupees | Rs 3152.0 |
| Ahmedabad | 920.0 rupees | Rs 3091.0 |
| Agartala | 073.5 rupees | Rs 3415.5 |
| Amritsar | 954.0 rupees | Rs 3178.0 |
| Bhopal | 918.5 rupees | Rs 3077.0 |
Oil companies still incur losses
It should be noted that the continuous increase in the prices of petrol, diesel, and CNG over the past 15 days has raised the possibility of an increase in LPG gas prices as well. This is because state-owned oil marketing companies (OMCs) are suffering significant losses due to rising crude oil prices in the global oil market. Oil marketing companies (OMCs) have raised petrol and diesel prices four times this month, resulting in a total increase of approximately ₹7.5 per liter.
On Monday, the central government said that despite the recent increase in fuel prices, state-owned oil marketing companies are still incurring a loss of around ₹600 crore every day. Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said, “Earlier, oil marketing companies were incurring a loss of ₹1,000 crore every day, but even after the recent price increase, the loss is still a little less than ₹600 crore.”
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