Fuel prices for domestic LPG cylinders, CNG, and piped natural gas (PNG) across major Indian cities have held steady for over a month, with rates unchanged as of July 16, 2026. Despite this stability, growing tensions between the United States and Iran, coupled with disruptions in the crucial Strait of Hormuz, are fueling anxieties over global energy supplies.
Domestic LPG Cylinder Rates (14.2 kg) - July 16
- Delhi: ₹942
- Bengaluru: ₹944.50
- Hyderabad: ₹994
- Mumbai: ₹941.50
- Chennai: ₹957.50
- Kolkata: ₹968
- Jaipur: ₹945.50
- Noida: ₹939.50
- Gurugram: ₹950.50
- Chandigarh: ₹951.50
Commercial LPG Cylinder Rates (19 kg) - July 16
- Delhi: ₹2,930
- Bengaluru: ₹3,021
- Hyderabad: ₹3,191
- Mumbai: ₹2,885.50
- Chennai: ₹3,106
- Kolkata: ₹3,081.50
- Jaipur: ₹2,957.50
- Noida: ₹2,930
- Gurugram: ₹2,947.50
- Chandigarh: ₹2,954.50
CNG Prices Per Kg - July 16
- Delhi: ₹83.09
- Bengaluru: ₹97
- Hyderabad: ₹109
- Mumbai: ₹86
- Chennai: ₹97
- Kolkata: ₹99.50
- Jaipur: ₹96
- Noida: ₹91.70
- Gurugram: ₹88.12
- Chandigarh: ₹98.75
PNG Prices Per SCM - July 16
- Delhi: ₹49.59
- Bengaluru: ₹53
- Hyderabad: ₹51
- Mumbai: ₹51.50
- Chennai: ₹50
- Kolkata: ₹50
- Jaipur: ₹49.50
- Noida: ₹49.45
- Gurugram: ₹48.40
- Chandigarh: ₹54.70
Geopolitical Tensions and Energy Supply Concerns
The stability in domestic fuel prices comes despite a volatile international landscape. Oil prices have seen a recent surge, rising for the fourth consecutive day following renewed US strikes on Iranian military installations. This escalating conflict has intensified fears of a wider confrontation and potential disruptions to global oil supplies, particularly those transiting the Strait of Hormuz.
New data from S&P Global highlights a significant reduction in vessel traffic through the Strait of Hormuz, dropping from 93 crossings on June 24 to just 17 by July 13. This sharp decline underscores the impact of worsening regional security and recent military actions by both the US and Iran on global maritime trade.
While US President Donald Trump asserted that the Strait of Hormuz remains open for commercial traffic, Iran's Islamic Revolutionary Guard Corps (IRGC) declared it would remain closed until what it termed "America's evil deeds" ceased. The IRGC also claimed responsibility for attacks on military storage facilities in Bahrain and Kuwait. In response, the US has reinstated a naval blockade on Iranian ports and coastal areas and implemented new sanctions targeting a shipping network accused of assisting Tehran in evading oil sales restrictions.