LPG cylinder price today, April 5: The impact of fluctuations in global oil prices due to the Middle East conflict can also be seen in the rates of liquefied petroleum gas (LPG) cylinders across India, which witnessed a sudden increase in a month. Following ₹60 increase in domestic 14.2kg LPG cylinder prices last month and ₹144.5 increase in the price of 19 kg of commercial cooking gas, the prices underwent another revision this month.
The second round of LPG price revision took place on April 1 when state-owned Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum update prices on a monthly basis. The price of a 19 kg commercial LPG gas cylinder was further almost increased ₹200 and 5 kg LPG cylinders (FTL) according to free trade ₹51 to ₹549 per refill. As the government pushes for PNG usage and infrastructure expansion, check the city’s updated domestic and commercial LPG prices on April 5.
In line with the broader rise in jet fuel prices globally due to supply chain disruptions, even aviation turbine fuel (ATF) prices are on the rise as they saw a sharp increase in major metro cities on April 1. To insulate the Indian citizen from high international LPG prices, the Center has not revised the domestic cooking gas prices this month. The Ministry of Petroleum and Natural Gas has issued a clarification on the rise in prices of commercial LPG cylinders indicating that they are “deregulated, market determined and revised normally on a monthly basis. Their consumption is less than 10% of the country’s total LPG consumption.”
The statement added: “The April 1 commercial cylinder price increase is due to a 44% increase in the Saudi contract price: from $542/MT in March to $780/MT in April, as 20-30% of global LPG supplies are stuck in the Strait of Hormuz.
Weekly transit through the Strait of Hormuz is the highest since the start of the Middle East war
Since the start of the Iran-US-Israel war in West Asia on February 28, the weekly transit of oil vessels and tankers through the critical Strait of Hormuz hit a weekly high, with a seven-day moving average for transits on Friday, Bloomberg reported.
According to vessel tracking data, transits were conducted on April 3 by LPG carriers, including the Indian-flagged LPG tanker Green Sanvi, which is carrying around 46,650 metric tonnes of LPG. A total of 13 ships successfully crossed the strategic waterway on Friday, of which 10 sailed from the Persian Gulf and three entered from the open sea.
Green Sanvi’s safe transit through the strategic maritime choke point follows a previous shipment of 47,000 metric tonnes that arrived at the Vadinar terminal in Gujarat on March 28 via the vessel MT Jag Vasant. In order to provide support to the merchant vessels, warships of the Indian Navy were on standby, ANI reported.
Additional Secretary of the Ministry of Ports, Shipping and Waterways Mukesh Mangal confirmed that all 18 Indian vessels and around 485 sailors currently in the Persian Gulf are being closely monitored and remain safe. He stated this at a joint interdepartmental briefing. So far, over 964 seafarers have been repatriated and nearly 598,000 passengers have already returned to India from the Gulf region, he added.
