LPG Prices Alert: In major good news, Indian oil marketing companies (OMCs) have continued to reduce the prices of LPG cylinders for the fifth consecutive month now. Starting from August 1, 2025, 19 kg LPG cylinder prices are lowered by Rs 33.5 to Rs 34.5 per cylinder across major metro cities. The biggest cut is carried out in Kolkata and Chennai. However, prices of 14.2 kg LPG cylinders are unchanged once again.
According to Indian Oil's website, 19KG LPG cylinder prices are reduced by Rs 33.5 to Rs 34.5 across metro cities. 19Kg LPG in Chennai is now below Rs 1,800 per cylinder, while in Delhi, the price is below Rs 1,650 per cylinder. Also, this LPG has become cheaper in Mumbai as the price is below the Rs 1,600 per cylinder mark.
In the national capital, the LPG cylinder price in 19Kg is reduced by Rs 33.5 to Rs 1,631.5 per cylinder from August 1, 2025, onward. In the previous month, the price stood at Rs 1,665 per cylinder.
Here, the 19 kg per cylinder price is brought down by Rs 34.5 to Rs 1,734.5 per cylinder in August 2025, compared to the previous month's price of RS 1,769 per cylinder.
In the largest financial hub of India, 19Kg LPG is now cheaper by Rs 34 to Rs 1,582.5 per cylinder in August 2025, compared to the July month's price of RS 1,616.5 per cylinder.
Chennai also saw a reduction of Rs 34.5 per 19KG LPG cylinder to Rs 1,789 from August 1 onward. This is compared to the July price of Rs 1,823.5 per cylinder.
In July, 19 kg LPG prices were raised by Rs 57 to Rs 58.5 across metro cities. This was the fourth consecutive monthly cut in LPG prices by Indian Oil Corporation (IOCL).
From April to July 2025, LPG prices in 19kg was reduced by Rs 138 to Rs 144. Meanwhile, 14.2 kg LPG prices have been unchanged since April 8, 2025. In Delhi, LPG prices have plunged by Rs 138 in four months, while 19KG cylinder prices are down by Rs 144 in Kolkata, down by Rs 139 in Mumbai and Rs 141.5 in Chennai.
14.2 kg LPG cylinder prices are unchanged after the Rs 50 hike provided on April 8, 2025. Since then, LPG prices of 14.2 kg cylinders have been at Rs 853 in Delhi, Rs 879 in Kolkata, Rs 852.50 in Mumbai, and Rs 868.50 in Chennai.
What Key Factors Influence LPG Prices In India?
Some of the major factors that are considered in deciding LPG prices are:
1. International prices of LPG.
2. Crude oil price movement in the international market.
3. Rupee price movement against the dollar.
4. Custom duties.
5. Bottling costs.
6. Marketing costs.
7. Dealer commissions.
8. Port charges.
At present, Indane LPG is sold and delivered in eight different pack sizes. The 5 kg and 14.2 kg cylinders are largely meant for domestic use and comprise almost 90% of all gas distributed, while the 19 kg, 47.5 kg and 425 kg Jumbo cylinders are marketed for industrial and commercial consumption.
The latest cut in LPG prices comes at a time when there is expectation of surge in crude oil prices.
According to NS Ramaswamy, Head of Commodities & CRM at Ventura, U.S. President Donald Trump has given Russia a deadline of 10-12 days to end war in Ukraine, failing which it runs a risk of additional sanctions and secondary tariffs of 100% on countries trading with Russia which would push the oil prices higher. For the countries depended on crude oil imports from Russia, it's a tradeoff between a discounted price Vs a high tariff on exports to the US.
"This might result in a dramatic shift to the oil market while reducing the spare production capacity and a supply shock to the oil market waning the surplus in the market through 2026," analyst said while giving a target on crude oil prices.
Crude Oil Price Outlook:
WTI Crude Oil (Sep'25) from $69.65 has a short-term target of $73. Year end 2025 could reach $76-$79. Downside support and cap at $65.
Brent Oil (Oct'25) from $72.07 has a short-term target of $76. Year end 2025 could reach $80-$82. Downside support and cap at $69.
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