New Delhi, Nov 1:The price of a 19-kg commercial LPG cylinder was increased by Rs 10 to Rs 2,820 on Sunday. This marks the third consecutive monthly increase in commercial LPG prices, with the rate standing at Rs 2,810 on October 1.

The hike comes midway through the festive season, when business activity in the hospitality sector, particularly among commercial vendors and eateries, is at its peak. Meanwhile, the price of a 5-kg Free Trade LPG (FTL) cylinder for a new connection stands at Rs 1,093, while a 5-kg FTL refill is priced at Rs 782, as per the revised rates.

LPG prices in 2026 have witnessed considerable volatility, driven by external geopolitical shocks. Prices surged by nearly Rs 1,000 per cylinder in a single month on May 1, taking commercial LPG rates above the Rs 3,000 mark to Rs 3,071.50 in Delhi.

However, consumers received some relief in July and August, when oil marketing companies announced cumulative price cuts of Rs 380 per cylinder. This downward trend was reversed during the festive season, with prices rising again in successive months.

Following marginal upward revisions on September 1 and a hike of Rs 65 per cylinder on October 1, commercial LPG prices were increased again on November 1 by Rs 10 to Rs 17 across major metros, taking the price in Delhi to Rs 2,820.

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The elevated cost of gas and fuel imports throughout 2026 has largely been driven by escalating geopolitical tensions and disruptions to maritime traffic through the Strait of Hormuz, a critical shipping route through which a significant portion of Middle Eastern crude oil and liquefied petroleum gas (LPG) supplies passes.

India depends on imports to meet roughly half of its natural gas and LPG requirements, with a major share of its LPG shipments originating from Gulf producers and passing through the Strait.

Operational bottlenecks and heightened security risks in the Strait earlier this year triggered a contraction in global LPG supply, pushing up freight rates. Higher shipping risk premiums, coupled with volatility in global crude oil prices, with Brent crude hovering above $110 per barrel, and elevated Saudi Aramco contract prices have kept domestic commercial LPG rates high despite minor month-on-month adjustments. (With ANI inputs)