Domestic LPG price hiked by Rs 60 per cylinder to Rs 913
New Delhi (PTI): Domestic cooking gas LPG price on Saturday was hiked by a steep Rs 60 per cylinder, the second increase in rate in less than a year, as oil companies pass on a part of the spike in global energy rates that followed the West Asia crisis.
Non-subsidised LPG - the one that common households use in kitchens - will now cost Rs 913 per 14.2-kg cylinder in Delhi as against Rs 853 previously, according to the Indian Oil Corporation (IOC) website.
Ujjwala Yojana beneficiaries - the over 10 crore poor who have got free LPG connection since 2016 - will also have to bear the same amount of price increase. They will now pay Rs 613 per 14.2 kg cylinder after accounting for a subsidy of Rs 300 per bottle they get for up to 12 refills in a year.
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The price increase, the website showed, is effective from March 7.
This is the second increase in rate in 11 months. The price was last hiked by Rs 50 in April last year.
Alongside, the price of commercial LPG - the one used by establishments such as hotels and restaurants - was increased by Rs 114.5 per 19-kg cylinder. It now costs Rs 1,883 in Delhi. This increase comes on top of Rs 28 per 19-kg cylinder raise effected on March 1.
Commercial LPG rate has risen by Rs 302.50 this year.
Industry officials said the increase follows a steep rise in global energy prices since the US and Israel attack on Iran last weekend triggered a wider military conflict in the oil and gas-rich Middle East.
The conflict has led to a near halt in tanker movement through the Strait of Hormuz -the narrow but critical sea lane between Iran and Oman used by Middle Eastern producers to export oil and gas to global markets. The disruption has sharply curtailed energy shipments from the region, triggering a spike in global oil and gas prices.
Since the conflict broke out on February 28, US crude soared 35.63 per cent for the biggest weekly gain in the history of the futures contract dating back to 1983. West Texas Intermediate (WTI) futures closed at USD 90.90 per barrel. Brent jumped about 28 per cent for its biggest weekly gain since April 2020, to settle at USD 92.69 per barrel.
Asian spot prices for liquefied natural gas (LNG) have also jumped to around USD 25.40 per million British thermal units (MMBtu) - a three-year high and more than double of last week's levels of around USD 10 per mmBtu amid fears of supply disruptions and halted exports from Qatar.
LPG markets have also tightened as shipments from key Gulf exporters face logistical disruptions, pushing international propane and butane benchmarks higher and raising concerns over supply availability for major importers such as India.
Despite Saturday's price increase, cooking gas in India is priced at the lowest when compared with neighbouring countries, industry officials said.
In Mumbai, non-subsidised LPG now costs Rs 912.50, Rs 939 in Kolkata and Rs 928.50 in Chennai, according to the IOC website.
Rates differ from state to state depending on the incidence of local sales tax or VAT.
The Strait of Hormuz is also a critical conduit for India's energy imports, with roughly half of the crude oil the country buys from overseas transiting through the narrow waterway. In addition, nearly 40 per cent of India's natural gas imports, largely in the form of LNG from Gulf suppliers like Qatar and the UAE, also pass through the strait.
For LPG, the strait is more important. India consumed 31.3 million tonne of LPG in 2024-25, of which only 12.8 million tonne were produced domestically, with the remainder imported. Of the imported quantity, 85-90 per cent come from countries like Saudi Arabia that rely on the Strait of Hormuz for transit.
The Strait has been effectively blocked following a week-old escalation in the region, after US and Israeli strikes on Iran prompted Tehran to retaliate against US bases in neighbouring countries.
To augment domestic supplies, the government on Friday invoked sparingly used emergency powers to direct oil refineries to ramp up LPG production.
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Centre 'mortgaged' foreign policy to US, says Minister Priyank Kharge
Kalaburagi (Karnataka) (PTI): Karnataka minister Priyank Kharge on Saturday flayed the foreign policy of the union government, alleging that India’s global standing was being "compromised" and the Centre had "failed" to respond firmly to remarks by senior US officials on India’s economic and energy policies.
Addressing a press conference in Kalaburagi, Kharge also questioned the "silence" of BJP leaders over the issue and accused them of "focusing on attacking opposition leaders" rather than defending the country’s dignity.
“The Central Government should have at least a little shame. They have practically mortgaged our entire foreign policy to the United States. Today our dignity is being valued at almost nothing,” Kharge, who is son of Congress president Mallikarjun Kharge, said.
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Referring to remarks reportedly made by US Deputy Secretary Christopher Landau in Delhi, the minister said the comments indicated how foreign governments were openly discussing India’s economic trajectory.
“Yesterday you might have seen — a US Deputy Secretary said in Delhi, not in America but in Delhi, that they (US) will not repeat in India the mistake they made with China, 'we will not allow India to grow',” he said.
Kharge cited comments by US Treasury Secretary Scott Bessent regarding crude oil imports from Russia amid the ongoing war.
“Yesterday, the US Secretary of the Treasury said because of the war they (US) have given India a 30-day permission to purchase crude oil from Russia.’ Permission!” he said, questioning why the Union government had not strongly responded to such statements.
The minister also questioned the Centre over energy policy and fuel supplies, saying there were conflicting claims on India’s oil reserves.
He also criticised the silence of Union ministers, including Petroleum Minister Hardeep Singh Puri.
“In Parliament they said we have reserves for 75 days. But oil companies say in press conferences that we have only 25 days. How is that?” he asked.
Targeting BJP leaders from Karnataka, including Union minister Pralhad Joshi, Kharge alleged they were quick to comment on the state government but avoided speaking on issues affecting national dignity.
He also slammed Prime Minister Narendra Modi’s foreign policy approach, comparing it with earlier Congress governments.
Recalling an instance involving former US secretary of state Hillary Clinton, he said, "She once said she was trying to determine whether India could buy oil from Iran. The then Prime Minister Manmohan Singh clearly told her: ‘That decision is within my jurisdiction, not yours. I will decide, not you."
He added that former Prime Minister Indira Gandhi had similarly asserted India’s independent foreign policy in her dealings with then US President Richard Nixon.
Kharge also accused the BJP and RSS of practising what he described as "selective nationalism", and issuing “patriotism certificates” to others while remaining silent on issues concerning India’s global standing.
He further said the public debate should focus on pressing economic and diplomatic issues rather than personal attacks on opposition leaders such as Rahul Gandhi, Sonia Gandhi and Karnataka Chief Minister Siddaramaiah.
