U.S. Treasury Secretary Scott Bessent said on Sunday (August 30, 2026) he will encourage G20 members to re-examine terms of trade with China to shrink global imbalances and press Beijing to rebalance its economy away from exports and toward domestic consumption.U.S
Step inside Aditi Rao Hydari and Siddharth's first home in Chennai: 18th-floor gem that blends vintage and modern styles Updated on: Aug 31, 2026, 14:10:07 IST By Krishna Pallavi Priya Prefer HTon Google Share via Copy link A look inside Aditi Rao Hydari and Siddharth's first home in Chennai
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Add a little shine and sparkle to your lips with these 5 glitter lipsticksIf you are bored of your regular lipsticks then its time to switch to glitter lipsticks
Techie lands in Bengaluru from US via Amsterdam, calls out Delta, KLM over missing bagA techie landed in Bengaluru from the US via Amsterdam, only to discover his checked baggage was missing. Published on: Aug 31, 2026, 12:10:34 IST By Vaishali Kapila Prefer HTon Google Share via Copy link A techie
Daughter takes mother to movie theatre for the first time with her own earnings: ‘This is priceless’A daughter used her own earnings to give her mother her first movie theatre experience. Updated on: Aug 31, 2026, 13:36:14 IST By Vaishali Kapila Prefer HTon Google Share via Copy link A daughter
Government says rates in India among world's lowest despite 46% jump in global benchmark
LPG price hike: Government says rates in India among world's lowest despite 46% jump in global benchmark
Indian households continue to pay among the lowest prices for cooking gas globally despite a sharp rise in international LPG prices triggered by disruptions in West Asia, the government said on Sunday (June 7, 2026), a day after increasing domestic LPG prices by ₹29 per cylinder.
The price of a 14.2-kg domestic LPG cylinder in Delhi was raised to ₹942 from ₹913, while beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) will continue to pay an effective ₹642 per cylinder after receiving a subsidy of ₹300 per refill on the first four refills annually, down from 9 refills announced last year.
The increase follows a ₹60-per-cylinder hike on March 7, taking the cumulative hike to ₹89 per 14.2-kg cylinder. State-run oil marketing companies were estimated to be losing about ₹703 on every LPG cylinder sold before the latest revision.
In a statement, the government said the cost of supplying a domestic LPG cylinder has risen to more than ₹1,600 following a surge in international prices that followed the outbreak of war in West Asia at the end February.
India's LPG import costs are linked to the Saudi Contract Price (CP), the global benchmark for the fuel. The benchmark has risen about 46% since February after disruptions linked to the Strait of Hormuz tightened supplies from the Gulf region, according to the statement.
Despite the increase, domestic LPG prices remain below those prevailing in neighbouring countries such as Pakistan, Nepal, Bangladesh, and Sri Lanka, and significantly lower than prices in advanced economies, including the United States, Australia, and Canada, the government said.
The government also said India was among the few countries able to maintain uninterrupted energy shipments through the Strait of Hormuz during the crisis, ensuring there was no shortage of LPG or other petroleum products in the country. Domestic LPG production was increased and supplies diversified through alternative sourcing arrangements to safeguard availability, it added.
Follow West Asia war LIVE updates
According to the statement, cumulative under-recoveries on domestic LPG sales rose to about ₹60,000 crore by the end of the previous financial year, compared with ₹41,338 crore a year earlier. The Union Cabinet has approved ₹30,000 crore in compensation to state-run oil marketing companies to partly offset these losses.
The government said the latest revision balances the need to shield households from volatile global energy prices while ensuring continued availability of cooking fuel across the country.
"The prices of petroleum products in India are linked to the corresponding prices in the international market. The government, however, continues to modulate the effective price to the consumer for domestic LPG. Any household can buy as many cylinders as it needs at ₹942," the statement said.
A PMUY beneficiary will additionally receive the direct benefit transfer of ₹300 a cylinder on the first four refills each year — broadly the average annual consumption of a typical Ujjwala household, about four refills a year — and so pays an effective ₹642 on those refills; this support is unchanged.
Even a non-PMUY household would pay about ₹700 below the market-linked cost of the cylinder.
Retail prices differ marginally across locations on account of distribution costs.
"What the household does not bear the brunt of is the several hundred rupees a cylinder which the government is bearing. Through a period of sharp international cost increases, that burden has been absorbed upstream rather than passed to the consumer," it said.
While the commercial cylinder used by hotels and businesses is revised automatically every month because its price is a direct pass-through of the international benchmark, the domestic cooking cylinder is not.
"India used to import 60% of its LPG requirements, and the landed cost of that import tracks the Saudi Contract Price (CP) that Saudi Aramco sets at the start of each month. This is an external price over which the Indian consumer has no control," the government said.
Through the West Asia disruption the benchmark moved sharply higher. "Expressed as the 50:50 propane-butane blend used for India's LPG, the Saudi CP for LPG stood at about $543 a tonne in February, before the disruption. Following the closure of the Strait of Hormuz in late February, the April contract price — the first set after the disruption tightened Mideast Gulf exports — rose to $775 a tonne, with propane at $750 and butane at $800, and has since edged up further to $790 a tonne in June."
The blended LPG benchmark has thus risen by about 46% since the pre-crisis February level, the statement said.
"The scale of this is visible in the fully market-priced commercial cylinder: the 19 kg cylinder used by hotels and restaurants sells in Delhi at ₹3,113.50, about ₹164 a kg, after five increases during the West Asia crisis. The domestic household, by contrast, pays about ₹66 a kg after the revision," it said.
Commercial gas carries a higher rate of tax and larger margins, so it sits above the household's cost-reflective level; even so, the import-linked cost of a domestic cylinder works out to over ₹1,600.
The government said it maintained uninterrupted supplies of LPG and other petroleum products despite disruptions in the Strait of Hormuz, a key shipping route through which 54% of India's LPG imports are transported. Domestic LPG production was increased by more than 60% — from about 32,000 tonnes a day to about 52,000 tonnes — imports were diversified to suppliers, including the United States, Canada and Algeria, and ensured continued movement of LPG cargoes to Indian ports, preventing shortages in the domestic market.
To conserve supplies, consumers were encouraged to switch to piped natural gas where available, while enforcement against diversion of subsidised LPG cylinders to commercial use was stepped up through wider use of OTP-based delivery verification. The government said these measures helped sustain household supplies during a period of heightened geopolitical tensions and supply-chain disruptions.
"The under-recovery is separate from the subsidy: the gap between the international cost and the regulated retail price — an estimated amount rising towards ₹60,000 crore on domestic LPG in the last full year, up from ₹41,338 crore the year before — is borne by the public sector marketing companies and the exchequer, against which the Union Cabinet has approved ₹30,000 crore in compensation; over and above this, Ujjwala consumers receive an additional ₹300 per cylinder credited directly to their bank account, reaching more than 10.58 crore connections," the statement added.
Published - June 07, 2026 11:08 am IST
LPG crisis / West Asia / prices / India
Source: TheHindu
Related Posts: Indian Employees Report Lowest Level Of Pay Unfairness Worldwide Indian Oil Prioritises LPG Supply For Households Why India's Petrol Price Hike Is Still Among The Lowest In The World India’s Unemployment Rate At 2% Is Lowest Among G20 Nations Indian migrant workers hit by cooking gas shortages are leaving cities Ceiling fans at lowest prices Big News For Households Japan Approves $135 Billion Stimulus Shot to Help Households Delhi-NCR Households Reel Under H3N2 Flu Surge Urban households mostly use LPG
Daayra trailer: Kareena Kapoor probes Prithviraj's encounter killings as Meghna Gulzar explores law vs justiceDaayra's trailer features Kareena Kapoor and Prithviraj Sukumaran as cops in a gripping crime thriller exploring the limitations of the law. Updated on: Aug 31, 2026
5 hours ago
Celebrity diets often come with strict rules, expensive ingredients and foods most people would struggle to eat every day. But actor Deepshikha Nagpal’s approach to food is refreshingly familiar. At 49, the actor says she enjoys parathas, poha and other home-cooked foods
5 hours ago
One person has died and 15 remain missing or unaccounted for after flash flooding swept through parts of the Grand Canyon, the National Park Service (NPS) told US media. The flood hit at around 14:30 local time (22:30 BST) on Saturday in Bright Angel Canyon and Phantom Ranch area
5 hours ago
In the run up to the Global Fintech Fest 2026, Madhusudanan R, co-founder of M2P Fintech, spoke to The Economic Times Digital about the new frontiers of challenges for India in the age of AI, how fintechs have to walk a tightrope and why India is a better market than the US
5 hours ago
Keeping a smartphone beside the bed has become a common habit. Many people place their phone under the pillow, on the mattress, or on a bedside table so they can check notifications, use an alarm or quickly respond to messages during the night
5 hours ago
Krushna Abhishek celebrates Rakhi with mami Sunita Ahuja and her kids; Govinda skips celebrationKrushna Abhishek celebrated Raksha Bandhan with Govinda's kids and wife Sunita Ahuja, while the Hero No. 1 actor remained absent from the celebrations. Updated on: Aug 31, 2026
5 hours ago
Tamil Nadu's Chief Minister Joseph Vijay announced a milk procurement price increase to Rs 44 per litre. He also revealed plans for a semiconductor park and new electricity corridors in Kanchipuram. Meanwhile, Mumbai's milk prices will rise by Rs 9 per litre starting September 1, 2026
5 hours ago
Novak Djokovic broke down in tears during a US Open first-round defeat by Argentina's Mariano Navone which provided further evidence age is fast catching up with the 39-year-old great. The 24-time Grand Slam champion was overcome by emotion in the deciding set of a dramatic match where he struggled
5 hours ago
The Foreign Medical Graduate Examination (FMGE) will now be conducted three times a year instead of the usual two, following a decision by the National Board of Examinations in Medical Sciences (NBEMS). The board has announced an additional FMGE examination for October 31, 2026
5 hours ago
Jenny Lupton death: Southwest Airlines flight attendant's nephew reveals unusual circumstances, ‘Her bed was untouched’In a conversation with HT.com, Jenny Lupton's nephew, Samuel, described her as a “very friendly person” who knew “exactly how to make anyone laugh or smile
5 hours ago
Venus Williams falls at first hurdle in US OpenVenus Williams tumbled out of the US Open first round early Monday. Updated on: Aug 31, 2026, 12:13:12 IST AFP Prefer HTon Google Share via Copy link Venus Williams tumbled out of the US Open first round early Monday
5 hours ago
Novak Djokovic drops biggest hint about future in professional tennis after US Open shocker: ‘How much longer I can…’Novak Djokovic addressed his future after suffering a shock defeat in the first round of the US Open. Updated on: Aug 31, 2026
5 hours ago
Lakshya Sen will aim to put the disappointment of his early BWF World Championships exit behind him when he leads India’s challenge at the USD 1.25 million China Masters Super 750, which gets underway in Shenzhen on Tuesday. Sen, who made history as the first Indian male shuttler to reach an
5 hours ago
The government has notified the scheme with an outlay of Rs 1.27 lakh crore to boost the in the country.The scheme has been divided into six segments covering designing of chips by Indian firms, setting up units for capital equipment required for chip production, semiconductor fabs, chip assembly
5 hours ago
Four suspected members of an armed group were killed in a gunfight with the Meghalaya Police in the East Garo Hills district on Sunday. Two pistols, along with live and used rounds of ammunition, were recovered from them, said the East Garo Hills Police
5 hours ago
Anti-conversion bill won’t be tabled in Goa assembly: BJP lawmakerRuling Bharatiya Janata Party (BJP) lawmaker Michael Lobo said the government acted in haste in having the bill cleared in the Cabinet Published on: Aug 31, 2026, 14:06:30 IST By Gerard de Souza Prefer HTon Google Share via Copy
5 hours ago
The rupee fell 13 paise to trade at 95.56 per U.S. dollar on Monday (August 31, 2026) morning pressured by rising crude oil prices and geopolitical strain. Forex traders said market participants have raised the probability of a September Fed rate hike, pushing U.S
5 hours ago
An FIR was filed against Rahul Gandhi for his remarks on a purification ritual. The Congress party criticized the Uttarakhand government for this action. They questioned why no case was filed against those who performed the ritual. The Congress stated they would respond through democratic and legal
5 hours ago
The Supreme Court on Monday stayed a case against Dehradun gym owner Deepak Kumar, who had opposed the harassment of an elderly Muslim shopkeeper by alleged Bajrang Dal members in January, Live Law reported. The bench also stayed the Uttarakhand High Court’s March order restraining Kumar from
5 hours ago
OpenAI said on Friday that it plans to end its agreement providing AI models to Cursor, the coding-tool company now owned by Elon Musk’s SpaceX. OpenAI said it was not confident that SpaceX would use its technology “within our terms of service
5 hours ago
Google Maps has changed the name of “Lake Ontario” to “Lake America” for U.S. users to reflect President Donald Trump’s executive order renaming the lake, according to a Google statement. Mr. Trump announced on Thursday (August 27, 2026) that he was changing the name of the smallest
8 hours ago
Designer Sandeep Khosla responds to Urvashi Rautela's 'gandi copy' of Gigi Hadid saree from 2023 NMACC opening in Mumbai Published on: Aug 31, 2026, 10:16:09 IST By Sanya Panwar Prefer HTon Google Share via Copy link Sandeep Khosla reacts to Urvashi Rautela's Cannes 2026 look
8 hours ago
‘You didn’t get robbed, you got outworked’: Man in US hits back at ‘Indians steal jobs’ claimA man in the US hit back at claims that Indians “steal jobs”, saying they earned opportunities through hard work. Published on: Aug 31, 2026, 10:51:35 IST By Mahipal Singh Chouhan Prefer HTon
8 hours ago
Can too much exercise be dangerous? Neurologist explains when intense workouts may harm the heart Published on: Aug 31, 2026, 10:13:37 IST By Anukriti Srivastava Prefer HTon Google Share via Copy link Can pushing your body too hard during exercise cause a heart attack? (Unsplash) From heart attacks
8 hours ago
Meta's Vice President and Head for India and South East Asia, Sandhya Devanathan, is leaving the social media giant after more than a decade and is all set to join OpenAI as Vice President for South East Asia and Australia. In this newly-created role
8 hours ago
Woman reveals how she makes ₹8.8 lakh a month from user generated content: ‘No outreach’A woman turned user-generated content into a ₹8.8 lakh monthly income in just five months. Published on: Aug 31, 2026, 10:58:19 IST By Vaishali Kapila Prefer HTon Google Share via Copy link A woman
8 hours ago
Pakistan’s Deputy Prime Minister Ishaq Dar and Chief of Defence Forces (CDF) Field Marshal Asim Munir on Sunday (August 30, 2026) reached Turkiye for a trilateral defence pact meeting, which also includes Saudi Arabia. Pakistan, Saudi Arabia and Turkiye signed the trilateral defence agreement
8 hours ago
![New Delhi [India], August 20 (ANI): India's key strength in artificial intelligence lies in the applications layer, while the country is simultaneously](http://newsorbit360.com/files/news/en/imgs/indias-ai-strength-lies-in-applications.jpg?width=120&height=70)
