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LPG Prices in India: Once again, all focus will be on Indian oil marketing companies(OMCs), who will decide the LPG prices for 14.2 kg cylinders and 19 kg cylinders for March 2025. The new price change will come into effect from March 1. In the previous month, LPG prices of the biggest cylinder 19 kg) were trimmed, while OMCs have kept 14.2 Kg cylinder prices unchanged since August 2024. In the third quarter of FY25, OMC's earnings were impacted due to the LPG subsidy.
Will LPG Prices Rise Or Fall For March 2025?
As per the Yes Securities report, "The core performance of OMCs was in line with our expectations. OMCs showcased an improved financial result with a YoY/QoQ increase in EBlTDA/ PAT, driven by a recovery in core GRMs; however, LPG subsidy impacted the reported performance."
Furthermore, Yes Securities' note said the Union Budget FY26 provided no relief in terms of easing the LPG subsidy burden for OMCs (lOCL, BPCL, HPCL), despite the mounting under-recovery of Rs143.23bn for lOCL, Rs72.3bn for BPCL, and Rs76 bn for HPCL as of 9MFY25. In the absence of this crucial financial support, OMCs will have to continue absorbing losses, further straining marketing margins and profitability.
It added, "Without a clear mechanism for LPG price adjustments or direct subsidies payments from the government, the cumulative under-recoveries could exceed Rs 400 bn for FY25, significantly impacting cash flows and dividend payouts for OMCs. The sustained impact could trigger a decline in crude prices.
Hence, the revision in LPG prices will be keenly watched for March 2025
Check Latest LPG Prices:
LPG Prices of 19KG Cylinders:
Indian Oil, the largest OMC, had trimmed the prices of 19 kg LPG cylinders by Rs 4 to Rs 7, with effect from February 1, 2025.
LPG Prices in Delhi: The highest cut was seen in Delhi by Rs 7, taking the price of a 19-kg LPG cylinder to Rs 1,797 compared to the previous month's price of Rs 1,804 per cylinder.
LPG Prices In Kolkata: This city saw the lowest cut of Rs 4, taking the price to Rs 1,907 per cylinder in 19K LPG. In January, the price was at Rs 1,911.
LPG Prices In Mumbai: In the financial hub, the 19 kg LPG price was reduced by Rs 6.5 to Rs 1,749.5 per cylinder from February 2025, compared to Rs 1,756 in the previous month.
LPG Prices In Chennai: The price was also trimmed by Rs 6.5 to Rs 1,959.5 per cylinder in 19 kg LPG, compared to the previous month's price of Rs 1,966 per cylinder.
Notably, Indian Oil has trimmed LPG prices of 19 kg for the second consecutive month. In January 2025, LOCL reduced the LPG prices of 19-kg cylinders for the first time in 6 months by Rs 14.5 to Rs 16 across metro cities.
LPG Prices in 14.2 kg cylinder:
However, in the case of 14.2kg cylinders, LPG prices have remained unchanged since August 1, 2024. In February 2025 as well, the 14.2 kg cylinder price is at Rs 803 in Delhi, Rs 829 in Kolkata, Rs 802.50 in Mumbai, and Rs 818.50 in Chennai