Businesses in Delhi are facing a significant price adjustment as the cost of 19-kg commercial LPG cylinders has been hiked by ₹993. This increase, effective from Friday, brings the price of one commercial cylinder to ₹3,071.50 in the capital, according to sources.
In contrast, state-run oil companies, including Indian Oil Corporation, have maintained stable prices for key fuels affecting the general public. Domestic LPG cylinders, petrol, and diesel rates remain unchanged, a decision aimed at shielding consumers from volatility in international markets.
No Change for Domestic Consumers
Indian Oil Corporation (IOC) stated that there has been no rate revision for 14.2-kg domestic LPG cylinders, which serve approximately 33 crore consumers. Similarly, retail prices for petrol and diesel, used by nearly 90 percent of total consumption, have also been kept steady.
Furthermore, aviation turbine fuel (ATF) prices for domestic airlines saw no change, with state-owned oil companies absorbing the rise in global fuel prices to protect airlines and, indirectly, consumers. However, rates for international carriers' ATF were increased, reflecting routine monthly adjustments tied to global benchmarks.
Calibrated Approach to Price Revisions
According to IOC, around 80 percent of petroleum products have seen no price change, ensuring stability for the majority of consumers. Price revisions were limited to select industrial segments and bulk fuels, which account for a relatively small share of overall consumption.
The company noted that while bulk and commercial LPG cylinders, along with bulk diesel and ATF for international operations, saw increases, about 4 percent of petroleum products actually experienced a price decrease. This reflects a calibrated approach by oil marketing companies to align with global trends while prioritizing domestic consumer protection and economic stability.