Domestic prices for Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and Piped Natural Gas (PNG) across India have remained stable on July 24. This consistency in India fuel prices holds despite ongoing volatility in global crude oil markets and heightened geopolitical tensions affecting key shipping routes.
Global Crude Oil Trends and Geopolitical Impact
The stability in India's retail fuel prices comes amidst a backdrop of fluctuating international crude oil rates. Brent crude futures saw a slight rise of 0.29% to $100.98 per barrel after markets opened on Friday. Conversely, US West Texas Intermediate (WTI) crude experienced a minor dip of 0.07% to $92.12 in low-volume trading.
Concerns surrounding energy supplies moving through the Strait of Hormuz continue to influence global oil markets. Vessel crossings have sharply declined due to worsening regional security and recent military actions involving the US and Iran. The US military has conducted airstrikes against Iranian military targets, aiming to hold Iran accountable and diminish threats to commercial shipping, though it maintains that the Strait remains open for transit.
Latest LPG Cylinder Prices (as of July 22)
The rates for 14.2 kg domestic LPG cylinders, which remain a primary cooking fuel for many Indian households, are as follows:
- 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 19 kg LPG cylinder rates are:
- 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 and PNG Rates Across Major Cities (as of July 22)
CNG and PNG are increasingly recognized as stable and cost-effective alternatives for both vehicular use and household cooking. Here are their latest prices:
CNG Prices (₹/kg)
- 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 (₹/SCM)
- 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
Consumers are advised to regularly check city-specific price updates and policy changes to manage their fuel expenses effectively.