Himalaya Harbinger, Uttarakhand Bureau
Oil marketing companies (OMCs) have raised the price of commercial liquefied petroleum gas (LPG) cylinders—widely used by hotels, restaurants, and other commercial establishments—by ₹933 per cylinder, while keeping prices of domestic LPG cylinders (used for household cooking), petrol, and diesel unchanged across the country. There has also been no revision in Aviation Turbine Fuel (ATF) prices for domestic airlines as of May 1, 2026.
A 19 kg commercial LPG cylinder will now cost ₹3,071.50 in Delhi, up from ₹2,078 earlier, effective May 1. According to a statement by Indian Oil Corporation Limited, retail prices of petrol, diesel, and domestic LPG (14.2 kg cylinders) have remained unchanged, insulating households from the recent spike in global fuel prices.
Crude oil prices in the international market have surged sharply, touching a four-year high on Thursday amid escalating tensions in West Asia and the continued blockade of the Strait of Hormuz—a critical global energy transit route. India, which imports nearly 88% of its crude oil needs, is heavily dependent on this corridor, accounting for about 40% of crude, 50% of LNG, and 90% of LPG imports. Despite this volatility, the government has indicated that domestic supplies remain secure.
Brent crude futures climbed to $126.41 per barrel—the highest since March 9, 2022—while WTI crude touched $110.93 earlier in the day. Prices later eased, with Brent trading around $112 per barrel and WTI at $106.2 per barrel at 8:27 AM IST.
In its statement, the company noted that petrol and diesel prices remain unchanged for the general public, which accounts for nearly 90% of total fuel consumption in the country. Similarly, prices of domestic LPG cylinders (14.2 kg) remain stable for around 33 crore consumers. ATF prices for domestic airlines (scheduled operations) have also been left unchanged.
Overall, approximately 80% of petroleum products have witnessed no change in prices, ensuring stability for the majority of consumers,” IOCL said.
The company added that price revisions have been limited to select industrial segments, which form a small share of overall consumption and are subject to routine monthly adjustments based on international benchmarks. This includes bulk and commercial LPG cylinders (less than 1% of total consumption), along with bulk diesel and ATF for international airline operations, which have seen upward revisions.
