Oil Marketing Companies (OMCs) have announced a price reduction for commercial LPG cylinders, effective January 1, 2025. According to Indian Oil, the price of a 19-kg LPG cylinder has been reduced by ₹14.50.
Latest LPG Prices for 19-kg Cylinders (January 2025)
- Delhi: ₹1,804 (Reduced by ₹14.50 from ₹1,818.50 in December 2024)
- Between July and December 2024, prices increased by ₹172.50.
- Mumbai: ₹1,756 (Reduced by ₹15 from ₹1,771 in December 2024)
- Prices rose by ₹171 during July-December 2024.
- Kolkata: ₹1,911 (Reduced by ₹16 from ₹1,927 in December 2024)
- Prices increased by ₹173 between July and December 2024.
- Chennai: ₹1,966 (Reduced by ₹14.50 from ₹1,980.50 in December 2024)
- Prices rose by ₹171 during the latter half of 2024.
Prices of 14.2-kg Cylinders Unchanged
The price of domestic 14.2-kg cylinders has remained unchanged since August 1, 2024. The current rates are:
- Delhi: ₹803
- Mumbai: ₹802.50
- Kolkata: ₹829
- Chennai: ₹818.50
Impact on Oil Marketing Companies
ICICI Securities reported that OMCs such as Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) faced significant LPG losses in H1FY25. These challenges, along with weaker Gross Refining Margins (GRMs) and inventory losses, dragged earnings down. However, H2FY25 prospects are optimistic, with potential compensation for LPG losses anticipated.
The reduction in LPG prices provides some relief to consumers while OMCs continue to navigate volatile crude prices and margins.
