LPG Price in Bihar

Domestic LPG prices in Bihar have remained unchanged today, with the average price for a domestic cylinder standing at Rs. 808.50/-. However, commercial LPG prices In Bihar have seen a significant increase of Rs. 49/- across all major cities in the state. The price for commercial connection stood at Rs.1697/-. Domestic cylinders weighing 14.2kg in other major cities in Bihar like Gaya, Aurangabad and Patna mirrored the trend and the prices are  Rs. 900/-, Rs. 899.50/-, Rs. 892.50/- respectively for domestic connections.

The LPG rates in Bihar have remained unchanged for domestic connections, while the commercial segment has witnessed two significant increases. This surge in commercial LPG prices is primarily driven by a heightened demand for LPG and petrol. LPG, which is widely used for cooking and heating, has seen a substantial increase in consumption, potentially due to increased adoption in rural areas and rising living standards. This disparity between domestic and commercial LPG prices in Bihar has significant implications for industries that rely heavily on LPG, such as hospitality, catering, and manufacturing.

The commodity market is currently bearish, anticipating a decline in natural gas prices. However, natural gas prices have shown resilience, with a slight increase in early Monday trading.

This upward movement can be attributed to several factors, including the ongoing impact of the hurricane and the essential role of natural gas in industrial production. Reduced factory activity due to economic slowdown has weakened demand for natural gas, but other factors, such as geopolitical tensions and supply constraints, may be counteracting this downward pressure.

LPG prices in Bihar have experienced a surge, particularly affecting commercial cylinders. The average cost for domestic connections now stands at Rs. 892.50. In some of the cities like Supaul  and Saharsa, domestic cylinders prices are highest within the state at  Rs. 833/-, while commercial cylinders prices in Bihar increased by Rs. 49/-  jumping to Rs. 1,995/-. Patna has maintained stable domestic rates at Rs. 892.50/-, and Nalanda remained at Rs. 885/- .

The state of Bihar, characterized by its Low income substantial population, exhibits a considerable demand for liquefied petroleum gas (LPG). A significant segment of Bihar's rural population relies on subsidized LPG cylinders to fulfill their cooking requirements. Recent market trends indicate a marginal decline in Indian natural gas futures on the Multi Commodity Exchange, with the current price settling at Rs. 391/-.

U.S. natural gas futures witnessed a pullback on Friday, retreating from multi-month highs. The price decline of over 3.5% was primarily driven by profit-taking among traders and persistent oversupply in the market. Weak demand for natural gas further contributed to the bearish price movement.

LPG price in Bihar today for the domestic cylinder on an average is currently at Rs. 892.50/- . A major increase in prices came in the commercial variant where a rise of Rs. 38/- was observed in all the major cities in Bihar. LPG rates in bihar vary for different cities due to taxation reasons Cities like Muzaffarpur, Patna, Aurangabad, Gaya, Jahanabad, and Nawada have experienced no change in domestic LPG prices and now cost Rs. 900, Rs. 892, Rs. 899.50, Rs. 900.50, Rs. 904, and Rs. 900.50, respectively. On the other hand commercial LPG cylinders prices in Bihar increase and are currently ranging between Rs1932- Rs 1970/- in all the regions of Bihar.

The Indian government regulates LPG prices in Bihar, ensuring a controlled market. To alleviate the financial burden on households, the government often provides subsidies on domestic LPG connections. These subsidies effectively reduce the overall cost of cooking gas for consumers in Bihar, making it more affordable for daily use. This rise in prices of the commercial cylinders will have a major impact on restaurants and sectors.

A report suggests that natural gas prices will decline in 2024. Worldwide demand for natural gas is steadily increasing due to the shift towards cleaner energy consumption.

Although natural gas prices have been decreasing, the capital market witnessed a green week, and the U.S. dollar index gained value.

The US Spot Natural Gas prices today are trading at $ 2.13/- per barrel, down 0.47% since Friday's closing.

LPG rates in Bihar today for domestic cylinders on average is around Rs. 899/- per cylinder in Aurangabad, which is the same since the previous general elections in May this year. The commercial LPG prices in Patna today stay at Rs. 892.5/- and Rs. 900.5/- for Gaya. The LPG rates of Muzzafarpur today for commercial cylinders have surged by Rs. 8.5/- per cylinder of 19 kg and Rs. 20.5/- per cylinder of 47.5 kg since the previous month.

The mineral-rich state of Bihar is one of the most densely populated regions of the country. As the unemployment rate in the state remains higher, the usage and consistent need for cooking gas supply make Bihar LPG rates today play a significant role. If the state government declares a relief in fuel and natural gas taxation, then LPG prices in Bihar today are expected to fall accordingly.

After touching a weekly average range today, the US dollar index has reversed near its lowest point since the beginning of this calendar year. Amidst the mixed bond yields of major economies, the uncertain Asian and US capital markets might push capital inflows towards energy and commodity segments, if the US economic indicators this week result against the market expectations.

Also if the Federal Reserve turns dovish for the upcoming months, then the investors might get vary on oil and natural gas trades.

International Crude oil prices today are floating around $ 79.28/- per barrel, which is 0.42% lower than yesterday’s closing.

LPG rates in Bihar today remain constant with most of the major states of the country. Bihar LPG prices today are at an average Rs. 900/- for domestic connections. Major cities like Muzzafrpur LPG rates today are at Rs. 900/- for domestic cylinders and Rs. 1,924/- for commercial connections. Similarly, Begusari LPG prices today stay stable at Rs. 882/- per domestic use, while LPG rates in Bhojpur today are Rs. 903/- for domestic connections. The capital city has lower LPG rates today in Patna, where domestic LPG prices in Patna today are at Rs. 892.5/- and Rs. 1,909/- per commercial connection.

Bihar is one of the poor states of the country that requires immense support from the central government, especially in terms of cooking gas connections. The high population residing in both urban and rural areas, require a consistent supply of LPG for multiple purposes. Hence, Bihar LPG rates today play a significant role in impacting daily expenses of the local population.

Investors around the globe would patiently await today’s US manufacturing index to have a directional push on capital markets in US session. If the releases turn lower than market expectations than spot gold rates today might spike the previous resistance range.

However, the US Fed's official comments have ensured commodity and safe-haven metals gain amidst the escalating situation in the middle-east. The US dollar index today, tumbling below weekly average might help spot gold prices climb further during Asian trading hours.

The US Spot Natural Gas rates today are floating around $ 2.06/- per barrel,  rising 0.82% since yesterday’s closing.

Bihar LPG rates today for domestic cylinders are Rs. 900/- for Muzaffarpur domestic cylinders and Rs. 1,916/- for commercial cylinders. Today LPG Prices in Bihar are comparably higher in rural areas than in urban areas for multiple factors. Similarly, Begusarai LPG prices today are at Rs. 882/- for domestic use, while LPG rates of Rohtas today are Rs. 903/- per domestic cylinder. In the capital city Patna LPG rates today are at Rs. 892.5/-, one of the highest in northern cities.

The poor state of Bihar has an immense population with some of the lowest literacy rates and the highest unemployment rates in the country. The high dependency of the state on government services makes LPG rates play a significant role in maintaining the inflation of the state. Bihar LPG rates today remain stable despite the uncertain moves noted in global demand this week.

Natural gas prices globally have taken a hit by the end of Friday’s US session, falling consistently amidst recovery and a shift in risk sentiments from capital markets. The 10-year treasury bonds and rebounded US dollar index suggest a negative opening for oil and natural gas prices on Monday. Commodity Traders around the globe would closely watch over upcoming US economic indicators for their next moves.

The MCX Natural Gas Futures expiring by the end of this month stand firmly around Rs 177.5/-, a fall of 0.17% or Rs. 0.3/- since the previous closing.

LPG rates in Bihar today stay higher than some other northern states, despite being one of the poorest states of India. The capital city of Patna has a domestic LPG rate of Rs. 892.5/- while Rs. 1,900/- for commercial cylinders. In rural areas LPG rates in Bihar today are crossing the Rs. 900/- mark due to lower consumption than in urban regions like Patna and Muzaffarpur.

One of the poorest states of India, Bihar has some of the highest population in the country which are largely dependent on either state or central government support. Regulations are maintained in the state to ensure Fuel, CNG and LPG prices In Bihar today are controlled for affordability by the middle and lower-income population of the state. The increase in LPG connection suggests a positive rise in LPG consumption, fortunately expecting stability in Bihar LPG rates ahead.

Amidst the uncertain sentiments present across the market, the energy sector today has failed to gain much attention as the treasury yields and capital markets are moving in a mixed manner. The US dollar index, after a slight fall recently is staring for a further downward trend if the financial market performance expected in the US turns against global expectations.

Traders would align their focus and hold fresh impetus for natural gas trades based on the Asian and US trading sessions today.

The US Spot Natural Gas prices today are trading at $ 2.16/- per barrel, down 0.91% or $ 0.77/- since Monday’s closing.

The liquefied petroleum gas (LPG) rates in Bihar are priced in the range of Rs 882 to Rs 905 in different cities for 14.2 kg per domestic cylinder. The lowest LPG price is seen at Rs 882 in Begusarai while the highest LPG rates are priced at Rs 905 in Kishanganj and Madhepura.

The state-run oil corporations in Bihar have primary control over LPG prices, which are susceptible to monthly fluctuations dependent on the price of crude oil globally. On the international front, crude oil prices continued to rise for the third week in a row, supported by forecasts of a supply shortfall and expectations for an interest rate cut by the US Federal Reserve.

Crude oil prices have remained stable due to growing geopolitical tensions in Europe and between Israel and Hezbollah in Lebanon, as well as growing expectations that the Federal Reserve would begin lowering interest rates this year. The US jobs report and Fed Chair Powell's remarks will be keenly watched by investors for clues about the direction of policy that might influence the outlook for crude oil as well ahead.

The domestic LPG (14.2Kg) price in Bihar is Rs.892.5. No price change has been recorded in the LPG price since March, 2024. 

The price of LPG in some of the major cities in Bihar are as follows- Araria Rs.902, Arwal Rs.899, Bhojpur Rs.903, Patna Rs.892, Vaishali Rs.891.5, West Champaran Rs.903. 

Bihar, located in the eastern region of India, is bordered by Nepal and is traversed by the Ganga River. Renowned for its rich historical temples and sites, the state boasts a population nearing 10 crores. Consequently, residents extensively rely on LPG for various purposes including cooking, baking, and more.

Trading volumes on Monday surpassed the usual levels, indicating escalated interest and uncertainty subsequent to the OPEC+ announcement. However, despite this surge in activity, oil option skews persist in signaling bearish sentiments. Puts, which are financial instruments profiting from lower prices, continue to command a substantial premium over calls, which benefit from price upticks. The oil market remains under duress due to sustained apprehensions regarding the demand outlook, notably from China, the globe's largest crude importer.