LPG prices in India are back in focus with the month of October right around the corner. Since the start of the financial year 2025-26, Indian oil marketing companies (OMCs) have been reducing the prices of LPG in 19KG cylinder. On the contrary, the prices of 14.2KG cylinders in major metro cities have remained unchanged since May 2025. Since Diwali is one of the biggest festivals of India scheduled in October, hopes of further easing in LPG prices is high!
Check Latest Rates Of LPG Prices In India:
LPG Prices for 19 Kg Cylinders:
LPG Prices In Delhi:
The 19 kg LPG is currently available at Rs 1,580 per cylinder after falling by Rs 51.5 in September from the price of Rs 1,631.5 in the previous month.
LPG Prices In Kolkata:
In September, 19Kg LPG price was trimmed by Rs 50.5 in Kolkata to Rs 1,684 per cylinder compared to the previous month of Rs 1,734.5 per cylinder.
LPG Prices In Mumbai:
In the financial hub, the 19 kg LPG price was lowered by Rs 51 in September to Rs 1,531.5 per cylinder. In August month, the price stood at Rs 1,582.5 per cylinder.
LPG Prices In Chennai:
In this metro city, the price of 19 kg of LPG was reduced by Rs 51 to Rs 1,738 per cylinder in September 2025, compared to the previous month's price of Rs 1,789 per cylinder.
It needs to be noted that the 19KG LPG prices have continued to fall from April 2025. In March 2025, LPG was at Rs 1803 per cylinder in Delhi, at Rs 1913 per cylinder in Kolkata, at Rs 1755.50 per cylinder in Mumbai and at Rs 1965 per cylinder in Chennai.
From March 2025 to September, 19 kg LPG prices declined by a whopping Rs 223 in Delhi, by Rs 229 in Kolkata, by Rs 224 in Mumbai and by Rs 227 in Chennai.
LPG Prices In 14.2KG Cylinders:
Meanwhile, 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.
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.
What Key Factors Influence LPG Prices In India?
There are several key factors that are considered while deciding the prices of LPG in India. Some of these 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.
Crude Oil Prices Up Or Down?
In a year, crude oil price has declined by 7.3% as of now. On month-on-month basis, the drop is over 2.2%, as per Trading Economics data. Also, brent crude is down by 6% in a year, and nearly 1% in past one month. The decline in prices could lead to further easing in LPG prices.
Brent crude oil futures fell below $69 per barrel on Monday after Iraq's Kurdistan region resumed crude oil exports on Saturday after a two-and-a-half-year halt, and as OPEC+ plans another output hike, exacerbating concerns about a glut. The agreement between Iraq's federal government, the Kurdistan Regional Government, and international oil companies operating in the region will initially allow 180,000-190,000 bpd to flow to Turkey's Ceyhan port. This comes after US pressure to bring Kurdish crude back to international markets, with volumes eventually expected to rise to around 230,000 bpd, as per Trading Economics.
Indian Oil & Gas Sector Outlook:
Analysts at JM Financial has recently met with the Minister of Petroleum and Natural Gas (MoPNG) and the Petroleum secretary.
As per JM's note, the MoPNG highlighted that the government had noted investor concerns and taken the following measures to address the same in the last few years: a) timely support to OMCs for LPG under-recoveries by giving Rs 520 billion compensation since Oct'22; b) longer tenures for CMDs/directors to ensure strategic continuity; c) performance-linked accountability by ensuring leadership appraisal is directly tied to business performance; d) minimal pricing intervention over a long period of time. The ministry also reiterated that with the passage of the ORD Amendment Act in Mar'25 providing for fiscal stability, it will be very difficult for any government in future to impose windfall tax (SAED) on any oil and gas field (nominated and other fields of private players as well).
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