Oil companies have reduced the price of 19 kg commercial LPG cylinders by ₹24. With this, the revised price for retail buyers will now be ₹1,723.50. The new rate took effect from today, June 1.
This is not the first time the LPG commercial cylinder price has been lowered. Oil firms also reduced the cost by ₹41 on April 1, 2025. These companies adjust LPG rates on a regular basis, depending on international crude oil prices and market conditions.
It is pertinent to note that there is no change in the cost of domestic LPG cylinders used for household cooking. The rate of cooking gas used in domestic households, however, remained unchanged at ₹853 per 14.2-kg cylinder. The price of the domestic LPG was hiked by ₹50 per cylinder about two months ago.
LPG prices differ across states due to variations in local taxes and transportation expenses. While the recent price cut is modest, it still offers a measure of financial relief to businesses nationwide.
India’s pricing mechanism for domestically produced natural gas is tied to crude oil rates, with prices fixed at 10% of the average cost of the Indian crude basket. In May 2025, this average dropped to $64.5 per barrel — the lowest level in more than three years.
If crude prices continue to hover around $65 per barrel, oil marketing companies could see their LPG-related losses shrink by 45% in FY26.
Over the last ten years, the number of domestic LPG consumers in India has doubled. As of April 1, 2025, the country has approximately 33 crore users.
Meanwhile, the government reduced the basic customs duty on crude palm oil, crude soybean oil, and crude sunflower oil to 10% on Friday, a move aimed at lowering the retail prices of cooking oils and protecting domestic processors.
The duty, earlier, on these three crude edible oils was 20%. India imports more than 50% of its domestic edible oil requirement. The country imported 159.6 lakh tonnes of edible oils during the 2023-24 oil marketing year (November to October), valuing ₹1.32 lakh crore.
