Domestic LPG price hiked by ₹60 amid West Asia conflict
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Why in news
Indian Oil Corporation (IOC) hiked the price of non-subsidised domestic LPG by ₹60 per cylinder due to rising energy prices linked to the West Asia conflict.
Background
The price of a 14.2 kg non-subsidised LPG cylinder in Delhi rose to ₹913 as of March 7, 2026. This is the second hike in 11 months, following a ₹50 increase in April 2025. Prices for Ujjwala Yojana beneficiaries remain unchanged.
Facts for Prelims
- FactNon-subsidised LPG price in Delhi: ₹913 per 14.2 kg cylinder as of March 7, 2026
- FactCommercial LPG price in Delhi: ₹1,883 per 19 kg cylinder
- FactUjjwala Yojana: Over 10 crore connections provided to the poor
- FactLPG prices vary by state based on local sales tax or VAT
For Mains
Q. Discuss the impact of geopolitical conflicts in West Asia on India's domestic energy prices and the role of subsidies in ensuring energy security for the poor.
Dimensions to cover in your answer
- External shock transmission: Direct correlation between West Asia conflict and domestic fuel price volatility
- Fiscal burden: Balancing the cost of maintaining Ujjwala subsidies against rising global crude oil prices
- Inflationary pressure: Impact of non-subsidised LPG price hikes on household consumption and rural-urban price parity
Keywords: Energy Security · Geopolitical Risk · Subsidy Regime · Inflationary Pressure · Price Volatility
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