LPG price today: Check commercial and domestic cooking gas cylinder rate as oil rebounds amid Hormuz blockade
LPG price today, 15 July: Commercial and domestic cooking gas retail rates stood steady on Wednesday, despite soaring crude prices. The flare-up in West Asia
LPG price today, 15 July: Commercial and domestic cooking gas retail rates stood steady on Wednesday, despite soaring crude prices. The flare-up in West Asia conflict in recent days caused major price fluctuation in benchmark Brent crude price but consumers in India remain insulated to global volatility as state-run Oil Marketing Companies (OMCs) determine cooking gas rates. The price of commercial Liquefied Petroleum Gas (LPG) cylinders is adjusted monthly and was last revised on 1 July when the price of a 19-kg cylinder was reduced by ₹183.50. This marked first reduction in commercial cylinder price since onset in of US-Iran war in late February. Meanwhile, domestic LPG underwent last price revision on 7 June when price of 14.2-kg domestic cylinder was increased by ₹29. LPG cylinder price today in your city City Domestic (14.2 Kg) Commercial (19 Kg) New Delhi ₹ 942.00 ₹ 2,930 (-183.50) Kolkata ₹ 968.00 ₹ 3,081.50 (-174.00) Mumbai ₹ 941.50 ₹ 2,885.50 (-182.00) Chennai ₹ 957.50 ₹ 3,106.00 (-177.00) Gurugram ₹ 950.50 ₹ 2,947.50 (-182.50) Noida ₹ 939.50 ₹ 2,930.00 (-183.50) Bengaluru ₹ 944.50 ₹ 3,021.00 (-177.00) Bhubaneswar ₹ 968.00 ₹ 3,114.50 (-175.50) Chandigarh ₹ 951.50 ₹ 2,954.50 (-181.50) Hyderabad ₹ 994.00 ₹ 3,191.00 (-176.00) Jaipur ₹ 945.50 ₹ 2,957.50 (-183.50) Lucknow ₹ 979.50 ₹ 3,052.50 (-183.50) Patna ₹ 1,031.50 ₹ 3,227.00 (-173.00) Thiruvananthapuram ₹ 951.00 ₹ 2,971.50 (-180.50) Trump withdraws 20% toll plan for Hormuz after reinstating blockade The recent escalation in US-Iran hostilities injected fresh risk into the market with the blockade of the Strait of Hormuz increasing the uncertainty over energy flows.
Oil rose for a third day, registering 1.72% gains at 0029 GMT on Wednesday to trade around $86.19 a barrel. The extended gain in oil price follows 11% gain in the previous two sessions. Following the collapse of US-Iran ceasefire, the renewed crossfire between the two adversaries deepened supply disruption in the Persian Gulf, the crucial waterway through which one-fifth of the world’s oil and liquefied natural gas transited prior to the war. US President Donald Trump on Tuesday withdrew proposed plans for Hormuz toll citing Gulf investments a day after he announced 20% fee for cargos. Over volatility in oil prices, KCM Trade chief market analyst Tim Waterer said, “The chances of oil moving back toward $100 in the reasonably near term are still meaningful if hostilities intensify which damages energy infrastructure around the Gulf,” Reuters reported.
