LPG cylinder rates on May 26: Here’s how much domestic and commercial gas costs in Delhi, Mumbai and Bengaluru today | Today’s news
Domestic liquefied petroleum gas (LPG) prices were unchanged in major Indian cities on Monday, May 26, even as petrol, diesel and CNG prices rose sharply over the past 10 days due to the ongoing US-Iran conflict.
According to the latest rates issued by the Oil Marketing Companies (OMCs), a domestic LPG cylinder weighing 14.2 kg costs ₹913 in Delhi, ₹912.50 in Mumbai, ₹939 in Calcutta and ₹928.50 in Chennai.
The decision to hold cooking gas prices steady comes despite continued volatility in global oil and LPG markets, driven by fears of supply disruptions linked to escalating tensions in West Asia.
International LPG benchmark prices have fluctuated in recent weeks, mainly due to concerns about shipping routes through the Strait of Hormuz, a critical global energy corridor.
However, the cost of commercial LPG has increased as the price of 19kg LPG cylinders has increased by more than ₹900 last month. Prices remained largely stable thereafter.
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.
LPG prices in India are usually revised at the beginning of each month depending on changes in global oil prices, exchange rates, transportation costs and government subsidy policies.
Domestic cooking gas prices remain politically sensitive due to their direct impact on household budgets. For now, consumers are getting temporary relief as LPG cylinder prices remain unchanged despite growing uncertainty in global energy markets.
13 LPG cargo vessels stranded in the Persian Gulf
The center said its immediate objective is to ensure the return of Indian ships stranded in the Persian Gulf region before additional vessels are deployed to offload fuel cargo.
“Our priority is to get all our ships out of the Strait of Hormuz,” Mukesh Mangal, additional secretary in the Ministry of Ports, Shipping and Waterways, said earlier, according to a previous LiveMint report.
He added that India would once again send vessels west of the Strait of Hormuz “when the situation is appropriate”.
According to Mangal, 13 Indian-flagged vessels and one Indian-owned vessel remained stranded on the western side of the strait.
He also said that 13 vessels carrying energy cargoes, most of which were laden with LPG, had successfully passed through the strait since its effective closure after the conflict.
