India Raises Cooking Gas Cylinder Prices by 7% Amid Global Energy Disruptions
Energy companies in India have increased the prices of liquefied petroleum gas (LPG) cylinders for cooking by 7%, marking the first hike in nearly a year. The move comes amid rising global energy prices following the conflict between the United States, Israel, and Iran, which has disrupted energy supplies from the Middle East.
Indian Oil Corporation announced that the price of a 14.2-kilogram domestic gas cylinder has risen to 913 rupees (approximately $9.93) in New Delhi. Similar increases were implemented by Bharat Petroleum and Hindustan Petroleum, two of the country’s largest state-owned refiners.
India relies heavily on gas imports to meet domestic demand, with imports accounting for roughly two-thirds of its total consumption of 33.15 million metric tons last year. Between 85% and 90% of these imports come from the Middle East, making regional supply stability critical for India’s energy security.
To mitigate potential fuel shortages, the Indian government has asked refiners to boost domestic gas production. Prices for 19-kilogram commercial cylinders, used in restaurants and hotels, have also risen to 1,883 rupees, up from 1,768.50 rupees.