Domestic LPG cylinder prices remained unchanged across major Indian cities on May 21, 2026, even as commercial LPG cylinder rates continued to stay elevated following recent price hikes linked to rising global energy costs.
The price of a 14.2 kg domestic LPG cylinder currently stands at ₹913 in Delhi, ₹912.50 in Mumbai, and ₹915.50 in Bengaluru.
Meanwhile, prices of 19 kg commercial LPG cylinders have crossed the ₹3,000 mark in several major cities after recent revisions driven by surging international fuel prices and supply concerns arising from the ongoing Iran conflict.
The rise in LPG-linked costs comes amid mounting pressure on oil marketing companies due to elevated crude oil and gas prices globally.
Earlier this week, Indian Oil Corporation (IOC), India’s largest fuel retailer, disclosed that the company is facing sharply higher losses on domestic LPG sales after the Iran war pushed up international LPG prices.
According to Reuters, IOC finance chief Anuj Jain said on May 19 that the company is currently suffering a revenue loss of ₹617 per domestic LPG cylinder, compared with a loss of ₹171 per cylinder in April.
During the January-March quarter, IOC had reported a revenue loss of ₹100 per 14.2 kg LPG cylinder, which is primarily used as cooking fuel across Indian households.
The sharp increase in under-recoveries reflects the impact of rising global energy prices and shipping disruptions linked to tensions in West Asia, particularly around the Strait of Hormuz, a critical global energy transit route.
Despite higher losses for oil marketing companies, domestic LPG prices have not been revised upward so far, providing relief to household consumers. However, commercial cylinder prices have witnessed steeper adjustments in recent weeks.
Market participants continue to closely monitor global crude oil prices, geopolitical developments, and government policy decisions regarding fuel subsidies and pricing mechanisms.
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