Now Reading: LPG, CNG, PNG rates for August 22: Check prices in metro cities
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LPG, CNG, PNG rates for August 22: Check prices in metro cities
Oil marketing companies have released LPG, CNG and PNG prices for August 22. A 14.2 kg domestic LPG cylinder in Delhi costs Rs 942, while the 19 kg commercial cylinder is priced…
Oil marketing companies have released LPG, CNG and PNG prices for August 22. A 14.2 kg domestic LPG cylinder in Delhi costs Rs 942, while the 19 kg commercial cylinder is priced at Rs 2,738. In Mumbai, domestic LPG is Rs 941.50 and commercial at Rs 2,691.50. CNG in Delhi is Rs 83.09 per kg and PNG at Rs 49.59 per standard cubic metre.
Junior oil minister Suresh Gopi told lawmakers that Indian Oil, BPCL and HPCL incurred a revenue loss of Rs 188 per cylinder on LPG sales in August. LPG consumption fell over 16% year-on-year to 2.35 million tonnes last month, pushing households toward piped natural gas and biomass.
The government has directed state fuel retailers to source at least 15% of India's LPG imports for 2027 through US term contracts, with plans to raise that share to 25%. An August 13 order fixes maximum LPG production levels at 21 refineries to create a domestic buffer, with combined potential output of 63,810 tonnes per day. A new incentive scheme for city gas distributors to boost piped cooking gas connections starts September 1, 2026.
Indian Opinion Analysis
India imports roughly half its LPG needs, making it vulnerable to global price spikes and supply disruptions, as the West Asia conflict demonstrated. The Rs 188-per-cylinder under-recovery shows the fiscal burden of keeping domestic LPG affordable. By mandating US term contracts and capping refinery production, the government is trying to lock in supply and build a strategic cushion. The real test will be whether these measures can close the gap between subsidised prices and market costs without passing the burden to consumers. The September 2026 deadline for the piped gas incentive scheme gives the industry three years to expand infrastructure.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
