The price cut on July 1 comes after four tranches of hikes that cumulatively increased the price of commercial LPG to ₹1,345 per cylinder since March 7. File
| Photo Credit: The Hindu
Oil-marketing companies on Wednesday (July 1, 2026) reduced the prices of the commercial variant of liquefied petroleum gas (LPG) cylinders by an average of ₹180 per cylinder and that of the five-kg free trade LPG (FTL) cylinders by approximately ₹13 per cylinder.
In addition to this, prices of aviation turbine fuel (ATF) for domestic scheduled carriers have been slashed by ₹5 per litre to ₹110 per litre.
The reduction in prices was the first sign of an easing supply situation with more than a hundred-day-long conflict in West Asia heading to a probable conclusion.
Although the prices of domestic LPG remain unaltered.
Other than LPG, privately owned oil marketing company Nayara Energy – which operates more than 7,000 pumps across the country – also reduced the price of petrol and diesel by ₹5 per litre and ₹3 per litre respectively.
Effectively, this was a return to the status quo for the private oil-marketing company, which had increased fuel prices by the same magnitude at the peak of the crisis on March 26.
LPG prices reduced
Wednesday’s price cut comes after four tranches of hikes that saw the price of commercial LPG cumulatively increase to ₹1,345 per cylinder since March 7.
Further, the fall in commercial LPG prices comes in nearly a week after the Union Petroleum Ministry on June 25 restored the supply of industrial and commercial LPG to pre-crisis levels and withdrew all sector-specific allocations, citing an improved supply situation.
Latest prices
The 19 kg cylinder in Delhi – which also serves as the benchmark for prices in the country – became cheaper by ₹183.5 to ₹2,930 per cylinder.
Further, the price of the five-kg free trade LPG cylinder refills – primarily catering to migrant labourers – now stands at ₹808.5 per cylinder with the latest reduction.
Along largely similar lines, Mumbai woke up to prices of the 19-kg cylinder being reduced by ₹182 per cylinder to ₹2,885 per cylinder.
Prices in Kolkata have been reduced by ₹174 to ₹3081.5 per cylinder.
Chennai too witnessed a ₹177 reduction in prices with the 19 kg cylinder now being sold at ₹3,106 per cylinder.
Published – July 01, 2026 08:12 am IST
