Watch: Drop in prices of commercial LPG cylinders, aviation turbine fuel as West Asia conflict eases

AI Summary

Oil marketing companies in India reduced the prices of commercial LPG cylinders and aviation turbine fuel amid easing tensions in the West Asia conflict. This marks the first price drop for commercial LPG in 2026 after significant price hikes in previous months.

In an indication of an improvement in the LPG supply situation with the four-month-long West Asia conflict at a probable end, public sector oil-marketing companies (OMCs) on Wednesday (July 1, 2026) cut the prices of commercial LPG cylinders by ₹183.5 and that of the 5 kg free trade LPG (FTL) cylinders by ₹13. This was the first reduction in the price of commercial LPG in 2026 after the rates were hiked by ₹1,345 per refill in four tranches since March 7.