LPG PRICES
FM Nirmala Sitharaman targets Rahul Gandhi, says India's growth story belies Opposition's doom predictions
Responding to Rahul Gandhi's criticisms, Finance Minister Nirmala Sitharaman confidently proclaimed India as the fastest-growing major economy globally. Citing impressive GDP growth rates and IMF support, she argued that the country's economic resilience is undeniable.
Fuel prices to be reviewed based on crude oil supply, says Union Minister Suresh Gopi
Union Minister of State for Petroleum and Natural Gas Suresh Gopi said the government will review fuel prices based on the availability of crude oil supplies. His remarks come amid recent increases in petrol, diesel and LPG prices following supply disruptions caused by the ongoing conflict in West Asia. He said Petroleum Minister Hardeep Singh Puri would take a call after assessing the situation.
No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri
Speaking with reporters in Ludhiana, Puri further asserted that, while fuel prices rose considerably in many countries, rates in India dropped by 3.1 per cent from May 2022 to May 2026.
Retail inflation edges up to 3.9% in May
Economists expect price pressures to intensify further in June, driven by the continued pass-through of earlier increases in transport and cooking fuel costs amid continued supply disruptions due to the West Asia conflict.
Not LPG, but sunlight is helping restaurant in Odisha cook and serve piping hot biryani even after sun goes down
An Odisha cafe is revolutionizing biryani preparation with a 100% solar-powered kitchen, even operating after sunset and on cloudy days. Developed by Indian scientists, this innovative system uses a solar coil and DC-powered induction, significantly reducing fuel costs and emissions. The technology, patented in 2024, offers an eco-friendly alternative to LPG.
Jefferies upgrades Aegis Vopak shares to Buy, says correction overdone. Here’s why
Shares of Aegis Vopak Terminals gained after Jefferies upgraded the stock to Buy despite lowering its target price to Rs 240. The brokerage believes the recent correction has been excessive and expects long-term growth to be supported by capacity expansion, rising LPG demand and storage-led opportunities.
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Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economy
India's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the Iran war. Total refined product consumption dropped 6.5% in May, with subdued growth in petrol and diesel sales, indicating weakening economic activity.
LPG crunch forces IRCTC to resume cooking onboard; 60% of railway food to be prepared on electricity
Railway Catering and Tourism Corporation is now cooking meals inside moving trains. This practice was stopped earlier but has resumed using electric induction stoves. The company is also using induction cookers at major stations. This change is due to a significant shortage of commercial LPG cylinders. The disruption has impacted IRCTC's financial performance.
Govt hikes domestic LPG prices by Rs 29 per cylinder
India imports 60% of its LPG requirement, with 90% of supplies sourced from West Asia. Despite the near closure of the Strait of Hormuz, India has managed to move some LPG cargoes out of the Persian Gulf over the past three months without paying any toll (to Iranian authorities), the ministry said.
Modi govt intoxicated on power: Congress slams Centre on reduction in number of subsidised Ujjwala refills
The Congress party has strongly criticized the government's decision to reduce the number of subsidized LPG cylinders for Ujjwala Yojana beneficiaries. Cong party president Mallikarjun Kharge stated that the government is only pretending to care for women. The number of subsidized refills has been cut from 12 to 9, and now further to 4 annually.
India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions
India's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied petroleum gas consumption plummeted by approximately 20% due to shipping disruptions and sanctions impacting Iranian imports. Gasoline sales declined, while diesel consumption saw an increase.
Petrol, Diesel Price today: Check fuel rates in Delhi, Mumbai, Lucknow, Bhubaneswar and other cities
Today Petrol, Diesel Price June 9: Fuel prices in India remain at their highest since May 2022, with petrol and diesel seeing cumulative hikes of around ₹7.5-₹8 per litre due to the West Asia conflict impacting global crude oil prices. Despite recent minor fluctuations, oil marketing companies continue to face daily losses. However, the Union Oil Minister anticipates prices may ease as global supply conditions improve.
LPG Price Today June 9: Check domestic gas cylinder rate in Delhi, Mumbai, Faridabad, and other cities as govt cuts PMUY subsidy quota
LPG Gas Price Today: Domestic LPG cylinder prices have risen by ₹29. The government has also cut the annual subsidised cooking gas cylinder entitlement for Pradhan Mantri Ujjwala Yojana beneficiaries from nine to four. This move aligns with average household consumption. PMUY beneficiaries still receive a ₹300 subsidy per cylinder. The effective cost for them is now ₹642.
Govt cuts subsidised LPG cylinders to Ujjwala beneficiaries to 4
The government has cut the annual subsidised cooking gas cylinders for Ujjwala scheme beneficiaries to four. This move aligns support with average household consumption. Previously, beneficiaries received twelve cylinders. A subsidy of Rs 300 per cylinder is still provided. This change follows recent LPG price increases.
India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh Puri
India possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and expanding energy infrastructure provide a strong buffer. Petroleum Minister Hardeep Singh Puri expressed confidence that global supply shortages will be mitigated. Additional gas supplies will further strengthen energy security. India is well-positioned to manage potential disruptions.
OMCs losing nearly ₹700 per domestic LPG cylinder despite price hike: Govt
Cooking gas prices have risen again. Oil companies are still losing about ₹700 on each domestic LPG cylinder. International prices are up due to the West Asia conflict. This has increased supply costs significantly. Consumers pay less than global rates. Pradhan Mantri Ujjwala Yojana beneficiaries receive a subsidy on fewer refills annually.
INDIA bloc faces internal strife ahead of key meeting today
INDIA bloc leaders meet in Delhi amid internal divisions. Recent election losses in several states have weakened the alliance. Key leaders are absent, raising questions about unity. The bloc aims to focus on issues like fuel prices and economic stress to counter the BJP. Cooperation outside Parliament will be decided based on the Congress party's attitude.
"Even I sometimes struggle to get a gas cylinder": Vinesh Phogat slams LPG price hike, raises inflation concerns
after participating in the wrestling selection trials for the 2026 Asian Games in New Delhi, Phogat said the repeated hikes in cooking gas prices were adding to the burden on ordinary citizens and warned that inflation could worsen in the coming months.
Indian households continue to pay among the lowest cooking gas prices in the world: Petroleum Ministry
The Indian household continues to buy cooking gas much cheaper than the household in any neighbouring country, and far below the price paid in advanced economies such as the United States, Australia and Canada, the Ministry of Petroleum and Natural Gas said on Sunday, noting that a beneficiary of the Pradhan Mantri Ujjwala Yojana (PMUY) pays an effective Rs 642 for a 14.2 kg cylinder, and the general consumer in Delhi Rs 942, against a cost to supply that has now risen to over Rs 1,600.
LPG Prices Hiked: Domestic cooking gas rates increased by Rs 29 per cylinder; Here's what consumers will now pay
LPG Price Today: Domestic LPG cylinder prices have been increased by Rs 29, taking the cost of a 14.2-kg cylinder in Delhi to Rs 942 with effect from June 7. The hike comes after a previous increase in March and is aimed at partially offsetting losses incurred by oil marketing companies on subsidised cooking gas sales amid volatile global energy prices.
LPG gas cylinder price hiked by Rs 29: Check domestic cylinder rates in Delhi, Mumbai, Kolkata, Chennai and other cities
LPG Price hike: Cooking gas cylinders have become costlier again. A 14.2-kg domestic LPG cylinder now costs ₹29 more across India. This is the second price hike in three months. Revised rates took effect on June 7. State-run oil companies implemented the increase. This impacts millions of households. Fuel retailers are still not passing on full international energy price impacts.
Thali costs climb in May: Crisil report
Home-cooked vegetarian and non-vegetarian thalis saw a 5% and 7% price increase in May, respectively, due to rising costs of tomatoes, vegetable oils, and LPG. Tomato prices surged 57% year-on-year, with further increases expected due to production declines and heat-related concerns. Potato and onion prices are also anticipated to rise, while pulses are expected to remain stable.
OMCs stare at big losses despite recent price hikes
Oil Marketing Companies are facing substantial losses on petrol and diesel. Despite recent price increases, these companies are still losing money on every litre sold. Experts predict further price hikes are likely to avoid significant financial strain. This situation could impact the profitability and book value of major state-run oil companies. The current pricing environment suggests continued under-recoveries for OMCs.
Commercial LPG cylinder rates on June 1: Prices hiked by Rs 42 in Delhi
Commercial LPG price hike: Commercial LPG cylinder prices have risen from June 1. Hotels and restaurants will face higher input costs. Domestic cooking gas prices are unchanged, offering relief to households. The government assures adequate fuel stocks and is strengthening energy security. Refineries operate at optimum levels, and domestic LPG production is at record highs. Enforcement agencies are inspecting fuel sales to prevent hoarding.
LPG Cylinder Price Today (June 1): Check domestic gas rates in Delhi, Mumbai, Kolkata, Chennai after commercial rates hiked by Rs 42 in capital
LPG Domestic Cylinder Price today: Commercial LPG cylinder prices saw a significant increase of up to Rs 53.50 on June 1, 2026, impacting businesses like hotels and restaurants. Domestic LPG cylinder prices, however, remain unchanged. This hike, occurring amid concerns over fuel supply security and global energy market volatility, has nearly doubled costs for businesses in just five months.
ATF prices for international airlines slashed 27%; domestic rates unchanged
International airlines see a significant 27 percent cut in jet fuel prices. Domestic carriers, however, continue to pay unchanged rates. Commercial LPG prices have reached record highs. Household LPG and fuel prices for petrol and diesel remain steady. These revisions reflect monthly price reviews by state-owned oil companies amidst global energy market shifts.
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