Domestic LPG Prices Raised By ₹29 Again; OMC Stocks Remain In Focus

Domestic cooking gas has become costlier across India after the government increased the price of a 14.2-kg domestic LPG cylinder by ₹29 with effect from 7 June 2026. The current revision is the second increase in the last three months, following a ₹60 hike announced on 7 March 2026.

With the latest revision, the retail price of a domestic LPG cylinder in Delhi has risen to ₹942 from ₹913. Prices in other major cities have also increased to ₹968 in Kolkata, ₹941.50 in Mumbai and ₹957.50 in Chennai.

Why Have LPG Prices Increased?

The increase comes amid elevated global energy prices and supply disruptions linked to geopolitical tensions in West Asia. According to government and industry estimates, oil marketing companies (OMCs) were losing around ₹703 on every domestic LPG cylinder sold before the latest hike. Even after the revision, the actual cost of supplying a domestic cylinder is estimated to be around ₹1,600, significantly above the consumer selling price.

Government data shows that the Saudi Contract Price (CP), a key global LPG benchmark, surged from about $522 per tonne in January to nearly $775 per tonne by April, reflecting a rise of almost 50%.

Stocks In Focus

Shares of the three state-run oil marketing companies are likely to remain in focus:

• Indian Oil Corporation

• Bharat Petroleum Corporation

• Hindustan Petroleum Corporation

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The price hike is expected to partially reduce LPG under-recoveries and could provide some relief to the earnings outlook of these companies, which have also been facing losses on petrol and diesel sales amid rising global fuel costs.

Sources:

NDTV Profit

Economic Times