LPG cylinder rates on May 21: How much is domestic and commercial gas in Delhi, Mumbai and Bengaluru today | Today’s news
Despite growing concerns over escalating geopolitical tensions in West Asia and rising global energy costs, Indian household cooking gas prices remained unchanged in major metros on Thursday.
Following the latest price revision issued on 18 May, the cost of a standard 14.2 kg household pressure cylinder remains stable, with the cost of domestic liquefied petroleum gas (LPG) ₹913 in Delhi.
In stark contrast, commercial LPG prices remain painfully elevated. Thanks to several upward revisions in the last few months, the 19kg commercial LPG cylinder has now breached ₹3000 marks in the state capital.
Commercial LPG rates remain high
The current pause in domestic LPG price hikes offers a much-needed respite after the steep incline ₹60 increase implemented at the beginning of this March.
Analysts told Reuters that the centre’s decision to keep the cap on household rates is a deliberate strategy to protect consumers from broader inflationary pressures even as OMC input costs continue to rise.
Behind the scenes, the state’s fuel retailers are racing in a perfect storm.
A vessel carrying 20,000 tonnes of LPG arrives in Gujarat
Meanwhile, a vessel carrying 20,000 metric tonnes of LPG arrived at Deendayal Port Authority in Kandla, Gujarat after crossing the Strait of Hormuz, officials said on Sunday.
The Marshall Islands-flagged MV SYMI started its journey from Qatar and docked at the port of Kandla at around 11.30pm on Saturday after crossing the Strait of Hormuz on 13 May.
Since early March, 13 Indian-flagged vessels, including 12 LPG tankers and one oil tanker, have crossed the Strait of Hormuz, a narrow waterway off the coast of Oman through which roughly one-fifth of the world’s energy supplies pass.
Hormuz was severely disrupted by the conflict in West Asia, which began on February 28, when the US and Israel launched joint attacks on Iran, prompting retaliatory attacks. The result is one of the worst energy crises the world has seen in decades.
Prime Minister Modi’s challenge
According to previous reports by LiveMint, Prime Minister Narendra Modi urged citizens to favor working from home, reduce fuel consumption, avoid foreign travel for a year, adopt Swadeshi products, reduce the use of cooking oil, switch to organic farming and limit purchases of gold.
He emphasized the need to reduce dependence on imports. He said every household should reduce consumption of edible oil and switch to natural farming to help save foreign exchange and protect the environment.
