Will LPG Rules Change From 1 May? What We Know Check Gas Cylinder Rates In Bengaluru, Delhi And Mumbai On 28 April

(MENAFN- Live Mint) Anxiety around fuel prices, including LPG, has been high since the US-Israel war with Iran has continued to disrupt the energy markets.

While both domestic and commercial LPG cylinders have witnessed at least one hike each since March, media reports suggest a fresh revision in LPG prices from 1 May. These changes are likely to be accompanied by tweaks to the booking and delivery systems.

As the government rolls out tighter checks on the use and distribution of cooking gas, reports suggest that new LPG cylinder rules are under discussion.

Despite a surge in international oil prices, retail petrol and diesel rates in India have remained unchanged as state-owned oil companies absorb the impact.

However, since global crude markets remain volatile and oil companies typically announce price revisions at the start of the month, a LPG price hike may be announced on 1 May.

Also Read | India halts new LPG connections amid West Asia war Changes in LPG rates so far

Since the start of the US-Iran war on 28 February, domestic LPG prices have been revised once, but the cost of commercial cooking gas has been increased twice.

The price of a 14.2 kg domestic LPG cylinder was raised by ₹60 in March. No revisions to rates have been made since then. The price of a 19 kg commercial LPG cylinder was first increased by ₹144 in March, followed by another hike of nearly ₹200 on 1 April.

Check LPG cylinder prices today

Also Read | India to keep buying Russian oil, LPG after US waiver ends Change in LPG booking rules from 1 May?

According to media reports, Oil Marketing Companies (OMCs ) are likely to change the lock-in period for booking LPG cylinders from the current 25-day gap.

The OTP-based delivery system is expected to become a permanent norm now. This system is aimed at stopping the misuse and diversion of subsidised cylinders, the officials said.

Online bookings now account for nearly 98% of total requests, while about 94% of deliveries are verified through authentication codes.

The LPG booking rules are expected to tighten further in May to check the spillages and delivery bottlenecks.

Also Read | West Asia Crisis: Steps taken to ensure uninterrupted LPG supply, says govt 'Avoid panic purchase'

Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said India has adequate supplies of petrol, diesel and cooking gas despite ongoing geopolitical tensions.

“PSU retail outlets are operating normally,” she said.“Citizens are advised to avoid panic purchase of petrol, diesel and LPG as the government is making all efforts to ensure availability of petrol, diesel and LPG.”

Refineries operate at high capacity with sufficient crude inventories, ensuring stable supplies of petrol and diesel.

To shield consumers from rising global oil prices linked to the Middle East crisis, the government has cut excise duty on petrol and diesel by ₹10 per litre while raising export levies on diesel and aviation turbine fuel.

Retail fuel prices remain unchanged at public sector outlets, the government said, adding that adequate stocks are available despite isolated instances of panic buying triggered by rumours.

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