State-owned oil marketing companies increased the price of a 14.2-kg domestic LPG cylinder by ₹29 [1], effective June 7, 2024 [2].

The price hike affects millions of households across India, impacting major urban centers including Delhi, Mumbai, Kolkata, Bengaluru, Hyderabad, and Chennai [3]. Because cooking gas is a fundamental utility, price volatility directly influences the cost of living for the general population.

The adjustment was implemented by Indian Oil, Bharat Petroleum, and Hindustan Petroleum [3]. This marks the second price increase for domestic cylinders within a three-month period [4].

State-owned oil firms said the decision was driven by higher global crude-oil prices [5]. These costs have risen due to the U.S.-Iran conflict and broader tensions across West Asia, which have increased input costs for the companies [5].

While some reports indicated that prices remained unchanged on certain days during the period of volatility, the official hike of ₹29 [1] was applied to the standard 14.2-kg cylinder [1]. The government and its marketing arms continue to monitor the global energy market to determine further adjustments.

Consumers in major cities are now seeing these revised rates reflected at distribution points. The shift follows a trend of fluctuating energy costs tied to geopolitical instability in oil-producing regions [5].

“The price of a 14.2-kg domestic LPG cylinder was raised by ₹29.”

The price hike reflects the vulnerability of India's domestic energy costs to geopolitical instability in the Middle East. By passing increased input costs from the US-Iran conflict and West Asia tensions to the consumer, the state-owned oil companies are mitigating financial losses resulting from global crude-oil volatility.