LPG commercial cylinder price cut by ₹58.50; domestic unchanged.

The cylinder will now cost ₹1,665 in Delhi, ₹1,616 in Mumbai, ₹1,769 in Kolkata, and ₹1,823.50 in Chennai due to the price cut.

On Tuesday, July 1, 2025, oil marketing companies made changes to the rates of commercial LPG gas cylinders. The price of a 19 kg commercial cylinder was lowered by ₹58.50. Commercial users like hotels, restaurants, and companies benefited from the increased prices, which went into effect on July 1.

A 19 kg commercial LPG cylinder’s retail sale price in Delhi was reduced from its previous cost to ₹1,665 following the most recent review. However, the cost of 14.2 kg residential LPG cylinders, which are frequently used in homes, remained unchanged.

In Chennai, the commercial LPG cylinder will cost ₹1,823.50; in Kolkata, ₹1,769; and in Mumbai, ₹1,616.

Separately, messages cautioning against fueling end-of-life vehicles (ELVs) were posted on display boards at gas stations throughout the nation’s capital. The alert warned that “fuel will not be dispensed to end-of-life vehicles (ELVs)—15-year-old petrol and 10-year-old diesel vehicles—from July 1, 2025.” In order to keep an eye on compliance and educate consumers, speakers and CCTV cameras were also placed at a number of gas stations in addition to these notices.

According to a recent ICICI Bank research report, the de-escalation of the Israel-Iran conflict, tepid demand, and growing supply are all anticipated to contribute to a decline in global crude oil prices on June 27.

According to the analysis, there would be a decline in demand if the bad perception of the trade war continues.

Furthermore, considering the muted speed of global expansion, it is anticipated that the demand for crude oil will not alter in 2025, coming in at roughly the same levels of 102.9 mbpd as in 2024.

On the supply side, OPEC’s increased production drove a sequential increase in the world’s crude oil supply, while non-OPEC’s supply was relatively stable.

“The physical markets recorded a net supply surplus for the fifth consecutive month of 1.6 mbpd in May compared to 1.9 mbpd recorded in April,” stated ICICI Bank.

In May, the demand increased by 0.3 mbpd to 102.6 mbpd. This supply-demand balance, however, was insufficient to meet the 104.2 mbpd supply that OPEC’s growing output is driving.

In contrast to earlier geopolitical crises like the Russia-Ukraine war, the paper also notes that the spike in crude prices in response to the Iran-Israel dispute was significantly lower, indicating an oversupplied physical market at the moment.

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