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In a relief to businesses that rely on commercial cooking, the oil marketing companies (OMCs) have reduced the price of the 19-kg commercial LPG cylinder by ₹183.50 across the country. However, the prices of domestic LPG cylinders remain unchanged at ₹942.
Notably, the price reduction comes months after multiple hikes due to supply disruptions amid the West Asia war. The revised rates will be effective from July 1, 2026.
After the reduction of ₹183, the price of a commercial LPG cylinder in Delhi is ₹2,930, while in Mumbai it stands at ₹2,884. In Kolkata, the price of commercial LPG cylinders is ₹3,072, while in Chennai it is ₹3,099.
Commercial LPG rates had been on an upward trajectory in recent months after the Iran conflict triggered concerns over cargo movement through the Strait of Hormuz, a critical chokepoint for global energy shipments. In the national capital, the price of a 19-kg commercial LPG cylinder increased from ₹3,071.50 in May to ₹3,113.50 in June following consecutive price hikes. India, which depends on imports for nearly 60% of its LPG consumption, had also curtailed supplies to commercial users to ensure uninterrupted availability for domestic households.
Domestic LPG prices, however, remained unchanged despite the sharp reduction in commercial cylinder rates. A 14.2-kg household LPG cylinder continues to cost ₹942 in Delhi, ₹941.50 in Mumbai, ₹968 in Kolkata, and ₹957.50 in Chennai. Retail prices vary across cities due to differences in local taxes, transportation costs, and dealer commissions, but state-run oil marketing companies did not announce any revision for domestic consumers in the latest monthly price review.
Meanwhile, India's largest private fuel retailer, Nayara Energy, on Wednesday, reduced petrol prices by ₹5 per litre and diesel prices by ₹3 per litre across its nationwide retail network. The move marks the first retail fuel price cut by any oil marketing company in over two years, reflecting the recent decline in international crude oil prices.
Public sector oil marketing companies, however, left retail fuel prices unchanged. State-run Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), which together operate more than 90% of the country's over one lakh fuel outlets, did not announce any changes in petrol or diesel prices.