LPG Cylinder Price Hike on May 1: Starting today, in May, the price of a 19 kg commercial gas cylinder has been increased by a huge Rs 993.

New rates of gas cylinders released from May 1 today

LPG cylinder rate today on May 1st: Given the uncertainty surrounding tensions in Iran and the blockade of the Strait of Hormuz, people were concerned about the coming price changes and how much. New LPG cylinder rates have been released for the month of May, which begins today.

While the price of a 14.2-kg domestic gas cylinder remained unchanged in major Indian cities today, May 1st, the price of a 19-kg commercial gas cylinder has been significantly increased. Effective today, the price of a commercial LPG cylinder has been increased by ₹993. With this increase, the price of a 19-kg cylinder in Delhi will now be ₹3,071.50. 

Latest rates of commercial cylinders

After the latest hike of Rs 993, the rates of 19 kg commercial cylinder today are as follows:-

• Delhi- Rs 3,071.50
• Mumbai – Rs 3,024 (approximate)
• Kolkata – Rs 3,201.50 (approximate)

Prices have increased for the third time in a row 

It's worth noting that this is the third consecutive year that commercial cylinder rates have been revised. The first increase was a ₹144 increase on March 7th. This was followed by another ₹200 increase on April 1st, and now a massive ₹993 increase.

It's a matter of relief that domestic cylinder prices have remained unchanged in the meantime, so as not to impose an additional burden on ordinary families. This year, domestic cylinder prices were increased only once, by ₹60 in March. 

domestic cylinder price today

• Delhi – 913.0
• Mumbai – 912.50
• Chennai – 928.5
• Kolkata – 939.0

India's dependence on energy imports

India imports about 60% of its LPG needs. Before the US and Israeli attacks on Iran on February 28 and Tehran's retaliatory strikes, more than half of India's crude oil imports, about 30% of its gas, and 85-90% of its LPG imports came from West Asian countries like Saudi Arabia and the UAE.

However, oil marketing companies (OMCs) are currently under pressure due to the blockade in the Strait of Hormuz due to tensions in the Middle East. However, India has partially offset the disruptions in crude oil supplies by importing oil from countries like Russia. Gas supplies to industrial users have been cut, and the availability of LPG to commercial establishments like hotels and restaurants has also been reduced.