The price of domestic LPG cylinders has been increased with effect from Saturday, March 7, with the cost of a 14.2-kg household cooking gas cylinder rising by Rs 60 across the country, according to sources.
The Union Cabinet chaired by Prime Minister Narendra Modi has approved compensation amounting to Rs 30,000 crore to the three Public Sector Oil Marketing Companies (IOCL, BPCL and HPCL) for the under- recoveries incurred on sale of domestic LPG.
While in Delhi, with the latest revision, the retail sale price of a 19 kg commercial LPG cylinder was set at Rs 1665, down from the previous rate. However, there was no change in the price of 14.2 kg domestic LPG cylinders, which are widely used in households.
As on March 1, 2025, the total number of active domestic LPG consumers in India stands at 32.94 crore, including 10.33 crore beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY).
Oil marketing companies (OMCs) are likely to see a big drop in losses on selling domestic LPG cylinders over the next few months due to the recent LPG price hike and falling international fuel prices, according to a report by Antique Stock Broking.
As of July 1, there are 32.68 crore active domestic LPG consumers being served by public sector Oil Marketing Companies (OMCs). To ensure a steady supply of refills and to accommodate new LPG connections, OMCs have over 50 crore cylinders in circulation, most of which are steel cylinders.
Reacting to the Centre's decision to reduce the price of domestic LPG by Rs 100 on International Women's Day, Trinamool Congress leader Kunal Ghosh on Friday called the decision a "political gimmick."
Adding to the Opposition barbs over the Centre's decision to reduce the price of domestic LPG by Rs 100 on International Women's Day, Shiv Sena (UBT) leader and MP Priyanka Chaturvedi on Friday called the move 'election-driven'.
Thanking Prime Minister Narendra Modi for reducing the price of domestic LPG by Rs 100 per cylinder, Union Minister Nishith Pramanik on Friday said it was a 'gift' for the country's mothers, daughters and sisters on the occasion of International Women's Day.
The state government will bear the remaining cost of the gas cylinder. The outstanding amount for the gas cylinder will be credited to the accounts of Ladli Bahana.
In a major relief to LPG consumers, Public sector Oil Marketing Companies (OMCs) have made price revisions for commercial LPG and slashed the price of 19 KG commercial LPG gas cylinders by Rs 158.