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Informist, Saturday, Mar. 7, 2026

 

--IOC ups prices of domestic LPG in Delhi to INR 913/cylinder from INR 853 

--IOC ups 19-kg LPG cylinder price in Delhi to INR 1,883 from INR 1,768.50 

 

MUMBAI – Indian Oil Corp. Ltd. Saturday increased prices of domestic and commercial liquefied petroleum gas cylinders sold under 'Indane' brand across metro cities in view of the crisis in West Asia. IOC has raised prices of domestic LPG cylinders by INR 60 per cylinder in the four metro cities and that of commercial 19-kg gas cylinders by INR 114.50 per cylinder effective Saturday, according to data on the company's website.

 

In Delhi, IOC will sell domestic gas cylinders at INR 913 per cylinder, up from INR 853 per cylinder. The prices in other three cities--Kolkata, Mumbai, and Chennai--would range from INR 912.5 to INR 928.5 per cylinder. The prices have been raised for the first time since April 2025. As for commercial cylinders, IOC has increased prices to INR 1,883 per cylinder in Delhi from INR 1,768.5 per cylinder at the beginning of the month. In other cities, the cost ranges from INR 1,835 and INR 2,043.50 per cylinder.

 

On Friday, the government directed oil refiners to maximise production of LPG and make fuel available to only three state-run companies. The government has asked public sector companies to sell LPG to only domestic customers, to ensure ample fuel supply to households. The government has also asked refiners not to use propane and butane for petrochemical production. LPG is a combination of propane and butane.

 

On Thursday, Petronet LNG Ltd. had issued notices of force majeure to its buyers GAIL (India), IOC, and Bharat Petroleum Corp. Ltd. This was after Petronet LNG received a force majeure notice from its LNG supplier QatarEnergy earlier this week. These developments are a consequence of supply chain constraints following the closure of Strait of Hormuz due to the ongoing hostilities between the US and Israel combine and Iran. This waterway is one of the the major routes through which oil and gas are shipped to the rest of the world.

 

For the quarter ended December, IOC had reported a net profit of INR 121.26 billion on a revenue of INR 2.32 trillion. On Friday, its shares closed 2% lower at INR 168.68 on the National Stock Exchange.  End

 

Reported by Gopika Balasubramanium

Edited by Ashish Shirke

 

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