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- Concerns over LPG supply increased due to Iran-America tension.
- Government said, LPG supply is normal, do not pay attention to rumours.
- There has been a slight increase in the prices of domestic cylinders.
- A big increase was recorded in the prices of commercial cylinders.
- Oil companies are still incurring huge losses.
LPG Cylinder Rate Today on May 29: Due to increasing geopolitical tension between Iran and America, concerns regarding energy supply have increased across the world. In India too, people have now started worrying about the possible shortage or increase in prices of LPG and petroleum products. However, the government has clearly stated that at present there is no shortage in the supply of domestic LPG in the country and its distribution is continuing normally.
Officials have also urged people not to believe in rumors spreading regarding the availability of gas and not to panic. Meanwhile, there is a huge difference in the LPG prices of domestic and commercial cylinders in many cities of India as the prices of domestic LPG cylinders were increased by only Rs 60 in March, whereas on the 1st of May, the prices of commercial cylinders were directly increased by Rs 993.
City wise gas cylinder prices
| City | domestic gas cylinder prices | commercial gas cylinder prices |
| Delhi | Rs 913.0 | Rs 3071.5 |
| Mumbai | Rs 912.5 | Rs 3024.0 |
| Kolkata | Rs 939.0 | Rs 3202.5 |
| Chennai | Rs 928.5 | Rs 3237.0 |
| Bengaluru | Rs 915.5 | Rs 3152.0 |
| Ahmedabad | Rs 920.0 | Rs 3091.0 |
| Agartala | Rs 073.5 | Rs 3415.5 |
| Amritsar | Rs 954.0 | Rs 3178.0 |
| Bhopal | Rs 918.5 | Rs 3077.0 |
Oil companies still incur losses
Let us tell you that the continuous increase in the prices of petrol, diesel and CNG in the last 15 days has increased the possibility of increase in the prices of LPG gas also. The reason for this is that government oil marketing companies (OMCs) are facing huge losses due to rising prices of crude oil in the global oil market. Oil marketing companies (OMCs) have increased the prices of petrol and diesel four times this month, taking the total increase by about Rs 7.5 per litre.
On Monday, the central government said that despite recently increasing fuel prices, government oil marketing companies are still incurring a loss of about Rs 600 crore every day. Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said, “Earlier, oil marketing companies were incurring a loss of Rs 1,000 crore every day, but even after recently increasing the prices, the loss is still a little less than Rs 600 crore.”
Also read:
Petrol-Diesel Rate: Has the rate of petrol-diesel increased even today? Quickly check the prices of your cities