LPG Prices Rise Amid Iran War, Yet India's Cooking Gas Costs Remain Among Lowest

Published 7 June 2026 · local

LPG Prices Rise Amid Iran War, Yet India's Cooking Gas Costs Remain Among Lowest Published By, Last Updated: June 07, 2026, 08:58 IST The PMUY

LPG Prices Rise Amid Iran War, Yet India's Cooking Gas Costs Remain Among Lowest Published By, Last Updated: June 07, 2026, 08:58 IST The PMUY price for the first four cylinders at Rs 642 is about 60% off the international price of an LPG cylinder, while the non-PMUY price is Rs 942. Rapid Read India has hiked LPG prices to Rs 942. (Image: File Photo) The ongoing US-Iran war in West Asia has taken a toll on the Indian economy, with the government hiking domestic LPG prices by Rs 29 per cylinder. However, Indian household consumers continue to buy cooking gas at a much cheaper price than in any other country. According to the Ministry of Petroleum and Natural Gas, a single beneficiary of the Pradhan Mantri Ujjwala Yojana (PMUY) is paying Rs 642 for a 14.2 kg cylinder, and a general customer in Delhi is paying Rs 942, against a cost to supply that has now risen to over Rs 1,600.

The Iran conflict has rattled the global economy, sending crude oil and natural gas prices soaring worldwide. However, the government continues to modulate the effective price of LPG, despite the prices being linked to the corresponding prices in the international market. How Much Are Indians Paying For LPG? Following the latest LPG price hike, the price of a standard 14.2-kg domestic LPG cylinder in Delhi has increased to Rs 942 from Rs 913. A PMUY beneficiary will additionally receive the direct benefit transfer of Rs 300 a cylinder on the first four refills each year, effectively reducing the price to Rs 642. Even a non-PMUY household would pay about Rs 700 below the market-linked cost of the cylinder, as per the Petroleum Ministry. The recent price hike came amid continued pressure on Oil Marketing Companies (OMCs) due to elevated crude oil prices triggered by the West Asia crisis. How Much Are Other Countries Paying? Global energy prices were hiked by the effective closure of the Strait of Hormuz, which supplies one-fifth of the world’s crude and gas needs.

However, LPG prices in India remain among the lowest as an estimated Rs 60,000 crore is borne by the public sector marketing companies and the exchequer, against which the government has approved Rs 30,000 crore as compensation. Almost all Indian consumers have received LPG at prices far below international market levels over the last several years, and Indian households continue to pay less than households in Pakistan, Nepal, Bangladesh and Sri Lanka, and far less than in the United States, Australia and Canada. Market Price per 14.2 kg Cylinder (₹) Ujjwala Consumer Pays Less By India (Ujjwala, effective after revision) 642 — Pakistan 1,046 About 39% Nepal 1,207 About 47% Bangladesh Approx. 1,225 About 48% Sri Lanka 1,241 About 48% United States Approx. 1,755 About 63% Australia Approx. 1,765 About 64% Canada Approx. 2,411 About 73% The effective PMUY price for the first four cylinders at Rs 642 is about 60% off the international price of an LPG cylinder, while the non-PMUY price of Rs 942 is about 45% off the international price, as per the government release.