Indian Fuel Prices Hold Steady Amid Geopolitical Tensions
Prices for Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and Piped Natural Gas (PNG) have remained unchanged across India's major cities on August 5. This stability comes despite continued geopolitical uncertainties stemming from tensions between the United States and Iran, which have historically impacted global energy markets.
Reports indicate that discussions between the US and Iran are underway, though Iran has denied any formal negotiations. A senior Iranian official conveyed that Tehran would halt its attacks if the United States ceases its own, reiterating an "attack for attack" stance.
Domestic LPG (14.2 kg Cylinder) Rates on August 5
- Delhi: ₹942
- Mumbai: ₹941.50
- Bengaluru: ₹944.50
- Hyderabad: ₹994
- Chennai: ₹957.50
- Kolkata: ₹968
- Jaipur: ₹945.50
- Noida: ₹939.50
- Gurugram: ₹950.50
- Chandigarh: ₹951.50
Commercial LPG (19 kg Cylinder) Rates on August 5
- Delhi: ₹2,738
- Mumbai: ₹2,691.50
- Bengaluru: ₹2,821
- Hyderabad: ₹2,985
- Chennai: ₹2,906
- Kolkata: ₹2,872.50
- Jaipur: ₹2,765.50
- Noida: ₹2,738
- Gurugram: ₹2,755
- Chandigarh: ₹2,760
CNG Prices on August 5 (per kg)
- Delhi: ₹83.09
- Mumbai: ₹86
- Bengaluru: ₹97
- Hyderabad: ₹109
- Chennai: ₹97
- Kolkata: ₹99.50
- Jaipur: ₹96.50
- Noida: ₹91.70
- Gurugram: ₹88.12
- Chandigarh: ₹99.90
PNG Prices on August 5 (per SCM)
- Delhi: ₹49.59
- Mumbai: ₹51.50
- Bengaluru: ₹53
- Hyderabad: ₹51
- Chennai: ₹50
- Kolkata: ₹50
- Jaipur: ₹49.50
- Noida: ₹49.45
- Gurugram: ₹48.40
- Chandigarh: ₹54.70
India's Energy Security: Diversifying LPG Imports and Market Shifts
In response to ongoing global supply uncertainties, particularly those originating from the Middle East, India is strategically planning to source up to 25% of its liquefied petroleum gas imports from the United States by 2027. This move aims to significantly reduce the nation's dependence on traditional Middle Eastern suppliers and mitigate risks of supply disruptions. It also aligns with India's broader efforts to strengthen trade ties with Washington.
As the world's third-largest oil importer and consumer, India relied on the Middle East for approximately 90% of its 21.85 million metric tonnes of LPG imports in 2025. Government data indicates that imports account for roughly 66% of India's total LPG consumption. Earlier this year, emergency measures were implemented to redirect petrochemical feedstocks to households for cooking fuel.
Separately, India has observed a 17.4% decline in LPG sales, totaling 2.37 million tonnes. Industry experts attribute this shift largely to consumers transitioning to piped natural gas (PNG), a trend exacerbated by the West Asia crisis. LPG consumption has been falling since the crisis began, leading to initial restrictions in sectors like hospitality. Although these curbs were lifted last month, July's LPG consumption remained lower compared to the previous year.