Prices of commercial liquefied petroleum gas (LPG) cylinders were increased by ₹993–₹933 on Friday, May 1, as global crude oil markets surged amid escalating geopolitical tensions linked to the ongoing US-Iran conflict. The revision has pushed the cost of a 19-kg commercial LPG cylinder in Delhi to ₹3,071.50, according to state-owned oil marketing companies.

The hike comes shortly after a series of global oil price fluctuations, with Brent crude reportedly touching high levels due to disruptions in energy supplies and heightened instability in the Middle East. Officials said the latest increase reflects international benchmark movements and currency fluctuations, which are reviewed monthly by state-run firms such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum.

While commercial LPG rates have risen, domestic cooking gas prices have remained unchanged. The 14.2-kg domestic LPG cylinder continues to cost ₹913 in Delhi, providing relief to household consumers. Officials clarified that the previous revision for domestic LPG was implemented on March 7, when prices were increased by ₹60 per cylinder. Similarly, petrol, diesel, and domestic LPG have not been affected by the latest global price surge.

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According to oil companies, the price revision applies mainly to commercial and industrial segments, which account for a relatively small portion of total fuel consumption in the country. Around 80% of petroleum products, including household fuels, remain unaffected by the current adjustment. Only select categories such as bulk LPG, industrial diesel, and aviation fuel for international operations have seen upward revisions based on global market trends.

The companies also highlighted that international crude oil prices have risen sharply, with reports indicating an increase of nearly 60% since the escalation of tensions in the Middle East. This surge has been attributed to supply disruptions and uncertainty in global energy markets, which often directly influence fuel pricing decisions in importing countries like India.

In an official statement, Indian Oil Corporation said the pricing approach remains “calibrated and balanced,” aiming to reflect global market conditions while protecting domestic consumers from volatility. The government, through the Ministry of Petroleum and Natural Gas, continues to monitor fuel pricing closely, ensuring that essential household fuels remain stable even during periods of international market stress.

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