LPG, CNG, PNG prices on April 2: Check latest rates in Delhi, Mumbai, other major cities

LPG, CNG, PNG rates on April 2: The war in West Asia has raised concerns over the costs of LPG, CNG, and PNG due to a surge in global oil prices as the conflict has disrupted energy supplies worldwide.

India imports over 40 per cent of its crude oil and 90 per cent of its LPG from West Asian countries such as Saudi Arabia and Qatar. Despite this dependence, the government has assured that LPG supplies remain stable, with no shortages reported at distribution points.

On Wednesday, the price of a 19-kg commercial LPG cylinder was increased by Rs 195.50 to Rs 2,078.50 in Delhi. This followed a previous increase of Rs 114.50 per cylinder on March 1. Domestic cooking gas LPG prices were last increased by Rs 60 per 14.2-kg cylinder on March 7, and have remained unchanged at Rs 913 in Delhi.

14.2 kg LPG cylinder rates on April 2

Commercial (19kg) LPG cylinder rates on April 2

CNG prices across major cities on April 2

PNG prices across major cities on April 2

State-owned firms Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum review aviation turbine fuel and LPG prices on the first day of each month based on international benchmarks and exchange rates. The ministry stated that commercial LPG cylinder prices are deregulated, market-determined, and revised normally on a monthly basis. Commercial LPG consumption accounts for less than 10 per cent of the total LPG used in the country.

Global oil prices have risen by nearly 50 per cent following the West Asia conflict, affecting energy supply chains. Petrol and diesel prices remain frozen after a Rs 2 per litre reduction in March last year, with petrol priced at Rs 94.72 and diesel at Rs 87.62 per litre in Delhi.

To manage supply pressures, the Central government has permitted ad-hoc allocation of public distribution system kerosene in 21 states and Union Territories, including areas previously declared kerosene-free. This measure aims to support household cooking and lighting needs amid global energy challenges.

The ministry explained that the price increase in commercial LPG cylinders on April 1 was due to a 44 per cent rise in the Saudi Contract Price, from $542 per tonne in March to $780 per tonne in April. This is attributed to 20-30 per cent of global LPG supplies being stuck in the Strait of Hormuz due to the conflict in West Asia.

Oil marketing companies are currently incurring an under-recovery of Rs 380 per cylinder by keeping domestic LPG rates unchanged. Cumulative losses are expected to reach about Rs 40,484 crore by the end of May. Last year, out of total losses of Rs 60,000 crore, Rs 30,000 crore were absorbed by Oil PSUs and Rs 30,000 crore by the government to shield citizens from high international LPG prices. India's domestic LPG price remains among the lowest globally compared to neighbouring countries such as Pakistan, Sri Lanka, and Nepal.