Consumers across India saw no change in the retail prices of Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and Piped Natural Gas (PNG) on August 11, 2026. While rates for these essential fuels have held steady for over a month, underlying concerns about their pricing structure and supply stability persist.
A primary factor in these ongoing discussions is that domestic LPG cylinders continue to be sold below their actual cost. This situation, coupled with geopolitical uncertainties stemming from the US-Iran situation and broader supply risks in the Middle East, keeps India's fuel sourcing strategies under close scrutiny.
To mitigate reliance on the Middle East and enhance supply security, India aims to source up to a quarter of its LPG imports from the United States by 2027. This move also supports efforts to finalize a trade deal with Washington. Concurrently, LPG sales in India have seen a 17.4% decline to 2.37 million tonnes, a shift industry officials largely attribute to increased adoption of piped natural gas following the West Asia crisis.
Earlier this month, commercial LPG prices for businesses like hotels and restaurants experienced a significant reduction of ₹192 per 19-kg cylinder. However, the financial strain on domestic LPG sales, which remain below cost, continues.
Minister Gopi Addresses Fuel Subsidies and Retailer Losses
Junior Oil Minister Suresh Gopi confirmed that the revenue loss for state fuel retailers on the sale of cooking LPG has narrowed. In August, the loss stood at ₹188 per 14.2-kg cylinder, a notable improvement from ₹500 in July. He informed lawmakers that Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp have consistently sold domestic cooking gas cylinders at ₹942 in Delhi since June 2026.
Minister Gopi also stated that the government provides delayed compensation to fuel retailers for losses incurred from selling cooking gas to households at below-market rates. A subsidy of ₹30,000 crore was disbursed to cover some dues for the 2025/26 and 2026/27 fiscal years. Despite this payment, outstanding LPG dues to state retailers exceeded ₹59,000 crore as of July 31.
Current Fuel Prices Across India (August 11, 2026)
Domestic LPG (14.2 kg) Cylinder Prices
- Delhi: ₹942
- Bengaluru: ₹944.50
- Hyderabad: ₹994
- Mumbai: ₹941.50
- Chennai: ₹957.50
- Kolkata: ₹968
- Jaipur: ₹945.50
- Noida: ₹939.50
- Gurugram: ₹950.50
- Chandigarh: ₹951.50
Commercial LPG (19 kg) Cylinder Prices
- Delhi: ₹2,738
- Bengaluru: ₹2,821
- Hyderabad: ₹2,985
- Mumbai: ₹2,691.50
- Chennai: ₹2,906
- Kolkata: ₹2,872.50
- Jaipur: ₹2,765.50
- Noida: ₹2,738
- Gurugram: ₹2,755
- Chandigarh: ₹2,760
CNG Prices per kg
- Delhi: ₹83.09
- Bengaluru: ₹97
- Hyderabad: ₹109
- Mumbai: ₹86
- Chennai: ₹97
- Kolkata: ₹99.50
- Jaipur: ₹96.50
- Noida: ₹91.70
- Gurugram: ₹88.12
- Chandigarh: ₹99.90
PNG Prices per SCM (Standard Cubic Meter)
- Delhi: ₹49.59
- Bengaluru: ₹53
- Hyderabad: ₹51
- Mumbai: ₹51.50
- Chennai: ₹50
- Kolkata: ₹50
- Jaipur: ₹49.50
- Noida: ₹49.45
- Gurugram: ₹48.40
- Chandigarh: ₹54.70
The geopolitical landscape continues to be a source of uncertainty for global energy markets. While direct talks between the US and Iran are not currently underway, a proposed agreement between Iran and Oman could grant Tehran control over shipping traffic through the critical Strait of Hormuz. Iran has also outlined specific conditions for the US to facilitate the reopening of the strait, adding another layer of complexity to international oil and gas movements.