Indian Oil Cuts Commercial LPG Cylinder Rate by ₹183.5

Oil marketing companies have lowered the price of 19 kg commercial LPG cylinders by ₹183.5, with no change to household cylinder rates, local media reported Wednesday.

Indian Oil Corporation, the country's largest state-run refiner, had raised the commercial cylinder price in June to ₹3,113.50 from ₹3,071.50 after a supply squeeze triggered by the Middle East crisis, reports said. The new rate effective Wednesday brings the cylinder to ₹2,930.

The cut applies only to industrial clients. Household LPG cylinders – the 14.2 kg variant used in kitchens – remain at previous levels. OMCs adjust commercial LPG prices monthly based on international contract prices and exchange rates, while household prices are set by the government with periodic adjustments.

The June hike had followed a spike in global LPG benchmark prices after Red Sea disruptions and refinery outages in the region. The current reduction signals some easing in those supply pressures, though the Middle East risk premium has not fully unwound.

This is a developing story. Indian Oil and other state fuel retailers have not yet commented on the reason for the cut or the outlook for household cylinder rates."