LPG cylinder rates on May 22: 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 prices, liquefied petroleum gas (LPG) prices remained unchanged in major Indian cities on May 22, offering relief to millions of households already facing inflationary pressures.

According to the latest rates released by the Oil Marketing Companies (OMCs), the price of a 14.2 kg domestic LPG cylinder continues at ₹913 in Delhi, ₹912.50 in Mumbai, ₹939 in Calcutta and ₹928.50 in Chennai. Commercial LPG cylinder prices have also remained largely stable after a sharp increase announced earlier this month.

The decision to keep domestic cooking gas prices steady comes as global oil and LPG markets remain volatile amid fears of supply disruptions linked to tensions in West Asia. International benchmark prices for liquefied petroleum gas have fluctuated in recent weeks, mainly due to concerns over shipping lanes in the Strait of Hormuz.

Global tensions keep energy markets on edge

Earlier this month, oil companies revised the prices of 19kg commercial LPG cylinders upwards by almost ₹100 in several cities citing higher international entry costs. The increase affected restaurants, hotels and small businesses that rely heavily on commercial gas for cooking. However, domestic LPG consumers have so far been protected from additional price burdens.

Reuters, citing analysts, said the center was trying to balance inflation concerns with rising subsidy pressures. Reports suggest that state-owned oil companies, including Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum, are absorbing some of the losses from domestic LPG sales as global prices rise.

According to a recent Reuters report, Indian Oil Corporation’s losses on LPG sales widened significantly in May due to soaring international LPG prices and increased transportation costs. The report added that supply concerns linked to the ongoing crisis in West Asia have increased global pressure on fuel retailers.

While consumers have welcomed the pause in price hikes, experts warn that continued volatility in global energy markets could eventually affect domestic fuel prices if international prices remain elevated for an extended period.

LPG prices in India are usually revised at the beginning of every month based on changes in global oil prices, exchange rates, transportation costs and government subsidy decisions. Domestic LPG prices are particularly politically sensitive due to their direct impact on household spending.

For now, Indian households continue to get temporary relief as cooking gas prices remain unchanged despite growing uncertainty in global energy markets.