Commercial LPG cylinder prices get cheaper by ₹58.50 from July 1

Oil marketing companies have announced a reduction in the price of 19 kg commercial LPG gas cylinders, effective from July 1, bringing significant relief to commercial establishments such as hotels, restaurants, and businesses. The cost of a 19 kg commercial cylinder has been cut by ₹58.50 across the country. In Delhi, the retail sale price for a commercial LPG cylinder is now ₹1,665. Similarly, prices have been adjusted to ₹1,616 in Mumbai, ₹1,769 in Kolkata, and ₹1,823.50 in Chennai. There is, however, no change in the price of 14.2 kg domestic LPG cylinders, which remain unchanged for household consumers.

In a separate but notable development, petrol pumps across the National Capital Region (NCR) began displaying notices warning against fueling End-of-Life Vehicles (ELVs) from July 1, 2025. These warnings explicitly state that "fuel will not be dispensed to end-of-life vehicles (ELVs) - 15-year-old petrol and 10-year-old diesel vehicles." To ensure compliance, CCTV cameras and speakers have been installed at various fuel stations to monitor and inform customers about the new regulation, which aims to curb vehicular pollution in the capital.

Meanwhile, the global crude oil market is showing signs of a potential downside. A recent research report by ICICI Bank, released on June 27, forecasts that global crude oil prices are likely to decline, influenced by the de-escalation of the Israel-Iran conflict, soft demand, and increasing supply. The report suggests that crude oil demand is expected to remain flat in 2025 at levels similar to 2024 (102.9 million barrels per day), attributing this to subdued global growth momentum.

On the supply side, the report indicates an upward trajectory in global crude oil supply, led by increased production from OPEC and robust non-OPEC supply. While physical markets recorded a net supply surplus for the fifth consecutive month in May, the report highlighted that the spike in crude prices observed during the Iran-Israel conflict was considerably lower compared to previous geopolitical events, such as the Russia-Ukraine war. This lower price impact reflects a prevailing oversupplied physical market.