Parliament Question: LPG Price Increase by OMCs

LOK SABHA UNSTARRED QUESTION NO. 6426 TO BE ANSWERED ON 02 APRIL, 2026 LPG Price Increase by OMCs 6426. SHRI ANAND BHADAURIA: पेट(cid:332)ोिलयम और (cid:366)ाकृ ितक गैस मं(cid:361)ी Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state: (a) whether Public Sector Oil Marketing Companies (OMCs) have increased the prices of domestic and commercial LPG cylinders by about Rs. 60 and Rs. 115 to Rs. 144 respectively with effect from 7th March, 2026, if so, the details thereof; and (b) the reasons for such increase in the prices of domestic and commercial LPG cylinders? ANSWER पेट(cid:332)ोिलयम और (cid:366)ाकृ ितक गैस मं(cid:361)ालय म(cid:336) रा(cid:475) मं(cid:361)ी ((cid:373)ी सुरेश गोपी) MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI SURESH GOPI) (a) & (b): India imports about 60% of its LPG requirement and accordingly prices of LPG in the country are linked to its prices in the international market. While prices of commercial LPG are set by LPG marketing companies independently, Government continues to modulate the effective price to consumer for domestic LPG. While the average Saudi CP (international benchmark for LPG pricing) rose by 41% (from US$ 385/MT in July 2023 to US$ 542/MT in February 2026) along with exchange rate, the prices of domestic LPG were reduced by about 17% (from Rs. 1103 in August 2023 to Rs. 913 in March 2026). For PMUY consumers, effective price for domestic LPG has been reduced by about 32% (from Rs. 903 in August 2023 to Rs. 613 in March 2026). The Retail Selling Price (RSP) of a 14.2 Kg domestic LPG cylinder is currently Rs. 913 in Delhi. After a targeted subsidy of Rs. 300/cylinder to PMUY consumers, Government of India is providing 14.2 Kg LPG cylinders at an effective price of Rs. 613 per cylinder (in Delhi) to all eligible PMUY beneficiaries. Government has paid a compensation of Rs. 22,000 crore to OMCs in FY 2022-23 and has approved another compensation of Rs. 30,000 crore in FY 2025-26 for under-recoveries on sale of domestic LPG. The retail selling price of commercial LPG at New Delhi Market since 01.01.2026 is given below: Effective Date Retail Selling Price for commercial LPG (Rs./19Kg cylinder) 01.01.2026 1691.50 01.02.2026 1740.50 01.03.2026 1768.50 07.03.2026 1883.00 Source: IOCL *****