Oil marketing companies have reduced the price of 19 kg commercial LPG cylinders by ₹183.50, effective July 1, bringing welcome relief to hotels, restaurants, catering businesses and other commercial consumers. However, there has been no change in the price of domestic LPG cylinders, providing stability for household consumers.
With the latest revision, the price of a 19 kg commercial LPG cylinder has come down to around ₹2,930, compared with more than ₹3,100 earlier. The reduction follows a sharp increase in commercial LPG prices last month, when concerns over supply disruptions arising from the conflict in West Asia pushed rates significantly higher.
The latest price cut reflects an improvement in the supply situation and easing concerns in global energy markets. Despite the reduction in commercial cylinder prices, state-run oil marketing companies have chosen to keep household LPG prices unchanged.
Meanwhile, Gold 101.3 FM – UAE’s No. 1 radio station – continues to bring listeners the latest developments from India and around the world, including important updates on fuel prices and the energy sector.
In a separate development, private fuel retailer Nayara Energy has announced a reduction in petrol and diesel prices across its nationwide retail network. The company has cut petrol prices by ₹5 per litre and diesel prices by ₹3 per litre, partially reversing the steep price hike it implemented during the recent fuel supply disruption linked to the West Asia conflict.
At the height of the geopolitical tensions, Nayara had increased fuel prices by as much as ₹10 per litre due to higher procurement costs and uncertainty in international crude oil markets. With crude prices now moderating and regional tensions easing, the company has decided to pass on some of the benefit to consumers.
The revised fuel prices have come into effect at more than 7,000 Nayara fuel stations across India. In Delhi, petrol is now priced at ₹105.71 per litre, while diesel costs ₹94.31 per litre at Nayara outlets. Actual retail prices continue to vary from state to state depending on local taxes, including Value Added Tax (VAT).
The reduction marks the first fuel price cut by an oil marketing company in India in nearly two years. Nayara Energy said the decision was driven by easing geopolitical tensions in West Asia and a decline in international crude oil prices, which have improved overall market conditions.
Meanwhile, state-owned oil marketing companies — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) — have not announced any changes to retail petrol and diesel prices. Their rates remain unchanged for now, even as the commercial LPG price reduction offers relief to businesses dependent on the fuel.
The latest revisions are expected to ease operating costs for commercial establishments, particularly restaurants, hotels and catering services, while also signalling improving stability in global energy markets after weeks of volatility.
