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    Home»Economy»Commercial LPG Prices Double in Six Months as Global Energy Crisis Pushes RBI Inflation Forecast to 5.1%
    Economy

    Commercial LPG Prices Double in Six Months as Global Energy Crisis Pushes RBI Inflation Forecast to 5.1%

    Aruna KaimBy Aruna KaimJune 6, 2026No Comments4 Mins Read
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    Domestic and commercial Liquefied Petroleum Gas (LPG) cylinder rates held steady on Saturday following the latest price revision on June 1. The price of a 19 kg commercial LPG cylinder was increased by ₹42, marking the sixth consecutive price hike in the first half of 2026. This continuous rise is a direct result of ongoing maritime supply disruptions caused by the US-Iran war.

    Over the last six months, commercial LPG prices have nearly doubled across major Indian metros, placing intense cost pressure on the hospitality and retail food sectors. In contrast, residential consumers have been temporarily insulated, with the central government keeping the price of 14.2 kg domestic cylinders unchanged in the latest cycle.

    Commercial and Domestic LPG Cylinder Rates

    The table below shows the latest consumer retail rates for commercial and domestic LPG cylinders across prominent cities:

    • New Delhi: Domestic (14.2 Kg) at ₹913.00 | Commercial (19 Kg) at ₹3,071.50

    • Kolkata: Domestic (14.2 Kg) at ₹939.00 | Commercial (19 Kg) at ₹3,202.00

    • Mumbai: Domestic (14.2 Kg) at ₹912.50 | Commercial (19 Kg) at ₹3,024.00

    • Chennai: Domestic (14.2 Kg) at ₹928.50 | Commercial (19 Kg) at ₹3,237.00

    • Gurugram: Domestic (14.2 Kg) at ₹921.50 | Commercial (19 Kg) at ₹3,088.00

    • Noida: Domestic (14.2 Kg) at ₹910.50 | Commercial (19 Kg) at ₹3,071.50

    • Bengaluru: Domestic (14.2 Kg) at ₹915.50 | Commercial (19 Kg) at ₹3,152.00

    • Bhubaneswar: Domestic (14.2 Kg) at ₹939.00 | Commercial (19 Kg) at ₹3,238.00

    • Chandigarh: Domestic (14.2 Kg) at ₹922.50 | Commercial (19 Kg) at ₹3,092.50

    • Hyderabad: Domestic (14.2 Kg) at ₹965.00 | Commercial (19 Kg) at ₹3,315.00

    • Jaipur: Domestic (14.2 Kg) at ₹916.50 | Commercial (19 Kg) at ₹3,099.00

    • Lucknow: Domestic (14.2 Kg) at ₹950.50 | Commercial (19 Kg) at ₹3,194.00

    • Patna: Domestic (14.2 Kg) at ₹1,002.50 | Commercial (19 Kg) at ₹3,346.50

    • Thiruvananthapuram: Domestic (14.2 Kg) at ₹922.00 | Commercial (19 Kg) at ₹3,106.00

    RBI Hikes FY27 Inflation Target Amid Energy Shock

    Responding to this intense energy pressure, the Reserve Bank of India (RBI) on Friday revised its Consumer Price Index (CPI) retail inflation forecast for the 2026-27 financial year. The central bank raised its estimate by 50 basis points, climbing to 5.1% from its previous projection of 4.6%.

    The policy adjustment is a direct response to the blockade of the critical Strait of Hormuz transport corridor. This crisis has forced a cumulative one-month surge in retail fuel prices, with petrol rising by 7.4% and diesel climbing by 8.4%.

    RBI Governor Sanjay Malhotra outlined the quarterly inflation path during the June 5 Monetary Policy Committee statement:

    “CPI inflation for this year now is projected to be at 5.1%, about 50 basis points more than earlier projected, with Q1 at 4.2%, Q2 at 5.1%, Q3 at 5.9% and Q4 at 5.4%. Core inflation is projected at 4.7% for this year. Prices of several inputs such as commercial LPG, industrial raw materials, chemicals, base metals, rubber and plastic products, among others, have increased.”

    The central bank warned that while the direct impact of the fuel hikes accounts for roughly 36 basis points of headline inflation, secondary effects will ripple through consumer markets in the coming months as firms pass these production costs onto end users. This domestic strain is further compounded by a subnormal southwest monsoon forecast.

    Shipping Ministry Confirms Indian Vessels Safe in Strait of Hormuz

    Despite the broader economic anxieties, the Ministry of Ports, Shipping and Waterways offered strong assurances regarding the safety of Indian maritime trade. During an inter-ministerial briefing on Thursday, Director Opesh Kumar Sharma confirmed that all Indian-flagged vessels navigating near the conflict zone remain entirely secure.

    The ministry clarified that the Directorate General of Shipping control room is maintaining continuous, live tracking of seafarers on both domestic and foreign-flagged ships. Addressing speculation regarding specific maritime targets, Sharma dismissed reports of an offensive on the Indian fuel carrier Nanda Devi, stating clearly that there has been no attack on the vessel and the shipping lanes west of the Strait of Hormuz remain stable.

    Commercial LPG Prices Double
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    Previous ArticleFueling Inflation: How Stagnant Crude Prices Above $100/Barrel Are Squeezing Your Monthly Budget
    Next Article Petrol and Diesel Prices Hold Steady on June 6 as Brent Crude hovers around $95
    Aruna Kaim

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