Govt Shields Households, Holds LPG & Fuel Prices Steady Amid Global Surge

"Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market determined and revised normally on a monthly basis. Their consumption is less than 10 per cent of the total LPG consumed in the country," the Ministry said in a statement posted on X.

The April 1 price increase in commercial cylinder price is due to a 44 per cent surge in the Saudi Contract Price: from $542/MT in March to $780/MT for April, as 20-30 per cent of global LPG supplies are stuck in Strait of Hormuz, the statement added.

"In line with the commitment of Prime Minister Narendra Modi, the domestic consumer continues to be comprehensively protected with the price of a 14.2 kg domestic cylinder at Rs 913 remaining unchanged. Similarly, the subsidised price of LPG cylinders for the poor under PMUY scheme remains unchanged at Rs 613," the statement explained.

It further stated that at current prices, the public sector oil marketing companies are incurring an under-recovery of Rs 380 per cylinder. Cumulative losses by end-May will reach approximately Rs 40,484 crore. Last year also, out of total losses of Rs 60,000 crore as much as Rs 30,000 crore were absorbed by the oil PSUs and Rs 30,000 crore by the Government of India, in order to insulate Indian citizens from high international LPG prices, the statement said.

The Ministry also pointed out that India's domestic LPG price remains one of the lowest in the world as compared to Pakistan where the price is Rs 1,046 per cylinder, Sri Lanka at Rs 1,242 while in Nepal it is at Rs 1,208.

The statement also clarified that regular petrol and diesel prices are unchanged at Rs 94.77 per litre and Rs 87.67 a litre, respectively (Delhi prices). With global petroleum prices up by up to 100 per cent in the last one month, the public sector oil marketing companies are incurring under-recoveries of Rs 24.40 per litre on petrol and Rs 104.99 a litre on diesel at retail selling price level as on April 1, 2026.

The recent Rs 2 per litre litre revision applies only to premium petrol variants - XP95, Power95, Speed - high-octane performance products, the prices of which are revised on a fortnightly basis and their sales constitute only 2 to 5 per cent of total volume. They are purchased by motorists, at a premium, by choice, the statement explained.

Every pump in India continues to offer regular petrol and diesel at unchanged prices, even as prices in countries all over the world have risen by 30-50 per cent, the statement added.

- IANS