State-run oil marketing companies have increased the prices of domestic and commercial LPG cylinders, with household cooking gas becoming costlier by Rs 60 and commercial cylinders by Rs 114.5 amid rising global energy prices linked to tensions in the Middle East.
According to Indian Oil Corporation, the price of a non-subsidised domestic LPG cylinder used by most households has been raised to Rs 913 for a 14.2-kg cylinder in New Delhi, up from the earlier price of Rs 853.
The increase marks the second hike in domestic LPG prices in less than a year.
Commercial LPG cylinders, typically used by hotels, restaurants and other businesses, have also become costlier by Rs 114.5 per unit following the latest revision.
Industry officials said the price rise follows a surge in global energy prices amid escalating military tensions in the Middle East. The conflict has unsettled global energy markets and triggered concerns over the stability of oil and gas supply routes in the region.
The LPG price hike comes as crude oil prices have risen in recent weeks due to geopolitical uncertainty and supply concerns in international markets.
Meanwhile, state-run oil marketing companies have dismissed rumours circulating about shortages of petrol and diesel in parts of the country.
Bharat Petroleum Corporation Limited (BPCL) said claims of fuel shortages were “completely unfounded” and assured that supply systems remain stable.
In a statement on social media platform X, BPCL said India’s energy supply remains reliable and resilient with adequate petroleum reserves and uninterrupted distribution networks.
“There have been some rumours about shortages of petrol and diesel in certain areas, which are completely unfounded,” the company said, adding that it remains fully operational to ensure smooth fuel availability.
Similarly, Indian Oil Corporation said reports circulating on social media about petrol and diesel shortages were baseless and urged citizens not to panic.
“India has sufficient fuel stocks, and supply and distribution networks are functioning normally,” the company said, adding that the public should rely on official information sources rather than rumours.
The developments also affected the stock market performance of oil marketing companies. Shares of BPCL and Indian Oil Corporation ended lower in trading on the National Stock Exchange of India.
BPCL shares declined nearly 2 per cent to Rs 352.95, while IOCL shares fell about 2 per cent to Rs 168.10 at the close of trading.
Officials reiterated that despite volatility in global energy markets, India’s fuel supply remains stable with adequate reserves and functioning distribution networks across the country.
