Whalesbook
Price Adjustments
Domestic cooking gas cylinders are slated to become more expensive starting Saturday, March 7. The price of a standard 14.2-kg LPG cylinder will increase by Rs 60 nationwide. In Delhi, this revision means the cost will climb from Rs 853 to Rs 913. Similar increases will be felt across major cities, with Mumbai seeing rates move from Rs 852.50 to Rs 912.50, Kolkata from Rs 879 to Rs 930, and Chennai from Rs 868.50 to Rs 928.50.
Commercial Impact
The price hike extends to businesses, with the 19-kg commercial LPG cylinder set to rise by Rs 115 from the same date. This will push the commercial cylinder price in Delhi from Rs 1,768.50 to Rs 1,883. Mumbai consumers will see prices shift from Rs 1,720.50 to Rs 1,835, Kolkata from Rs 1,875.50 to Rs 1,990, and Chennai from Rs 1,929 to Rs 2,043.50. This revision marks a notable change in domestic LPG pricing dynamics.
Geopolitical Context and Government Assurances
This price adjustment occurs against a backdrop of heightened geopolitical tensions in West Asia, which naturally raise concerns about potential disruptions to global oil routes. However, Union minister for petroleum and natural gas Hardeep Singh Puri has sought to allay consumer fears, emphasizing India's comfortable energy security. Puri stated on X that the government prioritizes affordable and sustainable fuel, confirming no shortage and no cause for worry regarding energy availability.
Diversified Energy Sources
Further reassuring statements came from government sources, who indicated India is in a "very comfortable position" regarding crude oil, petroleum products, and LPG supplies, even with Strait of Hormuz concerns. India has actively diversified its crude import basket in recent years, sourcing energy from multiple geographies to reduce reliance on single routes. Russia, for instance, has become a major supplier, accounting for about 20% of India's crude imports in February. Additionally, LPG refineries have been instructed to boost production, and imports from the United States under a one-year contract have begun arriving.