5 days ago
India Reports Fuel Prices as Energy Suppliers Shift
The reports list the prices of cooking gas and other kinds of gas in several Indian cities.
A regular LPG cylinder cost between ₹939.50 and ₹994 on August 28.
A larger cylinder used by businesses cost between ₹2,691.50 and ₹2,985.
CNG prices ranged from ₹83.09 or ₹86.98 in Delhi, depending on the report, to ₹109 in Hyderabad.
PNG prices ranged from ₹48.40 to ₹54.70 per standard cubic metre.
India bought more LPG from the United States as supplies from some Gulf countries fell.
The reports link the Gulf disruption to problems around the Strait of Hormuz following war between Iran and the United States.
Russia still supplied the most crude oil to India.
Venezuela also supplied a significant amount of crude, while one report described a United States-Venezuela oil agreement announced by Donald Trump.
On August 28, 14.2-kilogram LPG cylinders cost ₹939.50–₹994 across the listed cities.
Commercial 19-kilogram LPG cylinders ranged from ₹2,691.50 in Mumbai to ₹2,985 in Hyderabad.
CNG prices ranged from ₹83.09–₹86.98 per kilogram in Delhi, depending on the report, to ₹109 in Hyderabad; PNG ranged from ₹48.40 to ₹54.70 per SCM.
India imported about 0.62 million tonnes of LPG from the United States in August, compared with 0.89 million tonnes in July.
Gulf LPG supplies declined amid disruption around the Strait of Hormuz, while Russia remained India’s largest crude-oil supplier and Venezuelan crude contributed 383,000 barrels per day in August.
- Who
- Indian consumers, businesses, energy suppliers, the United States, Gulf producers, Russia and Venezuela; one report also quotes United States President Donald Trump.
- What
- The reports give August 28 LPG, CNG and PNG prices and describe changes in India’s LPG, LNG and crude-oil supplies.
- Where
- Prices are listed for Delhi, Bengaluru, Hyderabad, Mumbai, Chennai, Kolkata, Jaipur, Noida, Gurugram and Chandigarh; the supply changes affect India’s international energy trade.
- When
- The listed fuel prices apply to August 28; import comparisons cover July and August.
- Why
- India is changing its energy suppliers because Gulf shipments have fallen amid disruption around the Strait of Hormuz.
Diversified Energy Supply
Supply-Disruption Concerns
Greater reliance on the United States
Diversified Energy Supply
India’s increased LPG and LNG purchases from the United States can help diversify supplies as Gulf imports decline.
Supply-Disruption Concerns
The reports say supply uncertainty remains a concern because Gulf shipments have fallen and the Strait of Hormuz is a key route for oil and gas.
Role of Gulf suppliers
Diversified Energy Supply
UAE crude supplies have remained comparatively resilient, supported by pipeline and shipping logistics that can operate outside the Strait of Hormuz.
Supply-Disruption Concerns
LPG supplies from Gulf producers have fallen sharply: UAE imports dropped to about 140,000 tonnes in August, Qatar supplied about 60,000 tonnes, and Saudi Arabia supplied none in July or August.
Venezuela oil agreement
Diversified Energy Supply
Donald Trump described a reported United States-Venezuela agreement as a major deal that would increase American oil reserves and supply.
Supply-Disruption Concerns
The reports do not independently establish the deal’s broader effects; they note that Venezuelan crude supplies to India are limited by the crude’s characteristics and refinery configurations.
Key facts
- Domestic LPG
- ₹939.50–₹994 per 14.2-kilogram cylinder across the listed cities.
- Commercial LPG
- ₹2,691.50–₹2,985 per 19-kilogram cylinder across the listed cities.
- CNG
- Delhi was reported at either ₹83.09 or ₹86.98 per kilogram; Hyderabad was ₹109 per kilogram.
- PNG
- ₹48.40–₹54.70 per standard cubic metre across the listed cities.
- United States LPG imports
- About 0.62 million tonnes in August, compared with 0.89 million tonnes in July.
- Gulf LPG imports
- The United Arab Emirates supplied about 140,000 tonnes and Qatar about 60,000 tonnes in August; Saudi Arabia supplied none in July or August.
- Crude imports
- India imported almost 2 million barrels per day from Russia and 383,000 barrels per day from Venezuela in August; UAE supplies were reported at 0.61 million tonnes.
Quotes
Donald Trump
President of the United States commenting on the reported US-Venezuela oil transaction
“This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future”
businesstoday.in
Sources
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