LPG Price in Uttar Pradesh

LPG prices in Uttar Pradesh have seen a recent increase. Domestic connections now cost around Rs. 840.50/- per cylinder, while commercial cylinders have risen by Rs. 49 to approximately Rs. 1800-2000. Khushinagar has recorded the highest LPG prices In Uttar Pradesh, with domestic cylinders at Rs. 873.50/- and commercial ones at Rs. 1937/-. Other major cities like Lucknow, Mathura have similar prices, ranging from Rs. 840.50/- to 812/- for domestic connections.

While domestic LPG prices in Uttar Pradesh have remained relatively stable, an increase in commercial cylinder prices has been met with disapproval. This hike poses challenges for businesses and consumers alike. To address the energy needs of underprivileged households, the government launched the Ujjwala scheme. This initiative aims to provide LPG connections to the poor, empowering them with a cleaner and more efficient cooking fuel.

The natural gas market experienced a slight decline at the start of the trading week, following a period where the hurricane was a primary market driver. As the hurricane's impact wanes, attention shifts towards the approaching winter in the United States. Natural gas prices dropped significantly by 5.13%, closing at 210.9. This decline was attributed to forecasts predicting milder weather and reduced demand for the upcoming week compared to earlier projections.

LPG prices in Uttar Pradesh have experienced a surge on 1st September, particularly affecting commercial cylinders. The average cost for domestic connections now stands at Rs. 840.50. In Agra, domestic cylinders are at  Rs. 815.5/-, while commercial cylinders have seen a price increase of Rs. 39/-  jumping to Rs. 1,745/-. Allahabad has maintained stable domestic rates at Rs. 875/-, and Gorakhpur remained stable at Rs. 865/-. Meerut stands out with lower rates compared to other cities, offering domestic cylinders for Rs. 800 and commercial ones for Rs. 1,690.

Uttar Pradesh LPG prices have remained relatively stable following a price increase in July. However, a sudden and unexpected hike in the rates for 19kg commercial cylinders has been implemented by oil marketing companies in India today. This abrupt price increase will undoubtedly have a substantial impact on industries that rely heavily on LPG, such as restaurants. This could have a ripple effect throughout the economy, as increased prices for goods and services can contribute to inflation.

Natural gas prices in the United States are currently bearish, influenced by factors like storage and supply. Decreasing demand has further contributed to the price drop. However, a rise in demand is expected as the winter heating season approaches.

Today LPG rates in Uttar Pradesh for domestic cylinders are around Rs. 815.5/- per cylinder in Agra, the same since the previous general elections in May this year. The commercial LPG prices in Meerut today stay at Rs. 800.5/- and Rs. 1,651/- for larger cylinders. The LPG rates of Noida today for commercial cylinders have surged by Rs. 14.5/- per cylinder of 19 kg and Rs. 37.5/- per cylinder of 47.5 kg since the previous month.

Uttar Pradesh is a densely populated state which has the majority of the lower and middle-income population residing in both rural and urban areas. Major cities like Lucknow, Kanpur, Meerut and Agra might receive higher demand by the working class residents, enabling a lower LPG price today than rural regions like Mirzapur, Gorakhpur, and Balia. During election seasons it is often noted the government tends to curb inflation by decreasing LPG rates in Uttar Pradesh along with other states in favour of gaining a higher vote share.

Internationally the demand for commodity and energy segment has spiked a little after uncertain capital markets lost investor traction in the absence of any major economic indicators this week. The Us dollar index sharply slips down below the yearly lowest range, while the mixed bond yields of major economies might keep oil and natural gas prices in check.

Investors would closely watch over the capital market performance today to have a major directional push on oil and natural gas prices globally.

The MCX Natural gas Futures expiring in August are today trading around Rs 178.9/-, a fall of 0.17% or Rs 0.3/- since Friday's closing.

LPG rates in Uttar Pradesh today remain constant with most of the major states of the country. Uttar Pradesh LPG prices today are at an average Rs. 802.5/- for domestic connections. In major cities like Agra LPG rates today are at Rs. 815.5/- for domestic cylinders and Rs. 1,706/- for commercial connections. Similarly, Azamgarh LPG prices today stay stable at Rs. 875/- per domestic use, while LPG rates in Kanpur today are Rs. 818/- for domestic connections. The capital city Lucknow has lower LPG rates today, where domestic LPG prices in Lucknow today are at Rs. 840.5/- and Rs. 1,773.5/- per commercial connection.

Uttar Pradesh is the largest populated state of India which has millions of residents in all major cities of the state. The dependency and lifeline of the majority middle-income groups in the state towards LPG consumption makes LPG rates in Uttar Pradesh today a key factor in determining the overall inflation and standard of living of the people.

The 10-year treasury bonds of major economies today are portraying red signals with the tumbling value of the US dollar index. Commodity segments have been advantageous today in the early Asian session and energy instruments have spiked, staring to breach the previous all-time high range.

Global investors would closely watch over today’s US manufacturing PMI to influence financial markets and crude oil trades simultaneously.

The MCX Crude Oil Futures maturing in August are today floating at Rs 6,590/- per barrel, a rise of 1.01% or Rs 66/- since yesterday’s closing.

Uttar Pradesh LPG rates today for domestic cylinders are Rs. 815/- for Agra domestic cylinders and Rs. 1,693/- for commercial cylinders. Today LPG Prices in Uttar Pradesh are comparably higher in rural areas than in urban areas for multiple factors. Similarly, Ghaziabad LPG prices today are at Rs. 800.5/- for domestic use, while LPG rates of Kanpur today are Rs. 820/- per domestic cylinder. In the capital city Lucknow LPG rates today are at Rs. 840/-, the highest in the state.

The largely populous state of Uttar Pradesh has a high number of people dependent on government services and subsidies. LPG prices are one of the key triggers for the Uttar Pradesh government to control the stability and inflation in goods or services. LPG rates in Uttar Pradesh are currently stable despite the uncertain movements noted in international markets.

Investors around the globe are cautious with oil and natural gas trades as prices have drastically tumbled more the previous week. The US dollar index stabilized above the weekly average range and expected interest rate cuts ahead in August might pull traders further away from energy segment investments. However, if the demand reverses, then a new record high range may be posted before the end of this month.

The US Spot Natural Gas prices ended at $ 2.1237/- per ounce, falling by 0.06% since Thursday’s closing.

LPG prices in Uttar Pradesh vary according to location and consumption. LPG rates in Agra are Rs 815.5 per domestic cylinder and Rs. 1,693/- per commercial cylinder. Likewise, Lucknow LPG rates today are Rs. 840/- and Rs. 1,758/- for domestic and commercial consumption respectively. If the state government declares tax deductions on fuel prices, then LPG rates in Uttar Pradesh (UP) would get cheaper for the general public.

LPG consumption in UP is comparably higher than in other states, considering the ever-rising population and development in the urban regions. Uttar Pradesh LPG rates today are regulated by the state and central government to ensure daily expenses of residents are maintained without the fluctuations of national and international market conditions. However, if the prices surge drastically at global levels, a slight increase might be evident in LPG rates in India ahead.

The commodity market today is floating in a mixed manner, as the 10-year treasury yields of large economies are uncertain without inward capital support. Non-financial segment, especially the energy market is losing traction despite any insignificant move in the capital markets segment. If the bond yields and US dollar index today result against market expectations then there are higher chances for the oil and natural gas segment to rise by the end of this week.

The MCX Natural Gas Futures maturing in July are today trading at Rs. 181.8/-, falling Rs 3.5/- or 1.83% since Monday’s closing.

The domestic LPG (14.2Kg) price in Uttar Pradesh is Rs.840.5. No price change has been recorded in the LPG price since March, 2024. 

In Uttar Pradesh, the pricing of LPG is primarily determined by state-run oil corporations, fluctuating monthly in response to global crude oil prices. Consequently, if crude oil prices surge, so do LPG gas prices in Uttar Pradesh. Currently, cooking gas is readily accessible to a significant portion of the Indian populace.

To alleviate the burden on low-income households in Uttar Pradesh, the Indian government now extends subsidies for LPG Gas cylinders (14.2 kg). These subsidies are promptly credited to the customer's bank account. Presently, the price of a domestic LPG cylinder in Uttar Pradesh's Noida region stands at Rs. 800.50.

Oil prices encountered a volatile trading session on Monday following OPEC+'s revelation of a strategy to incrementally revive production commencing in October. This determination, forged during an OPEC+ assembly on Sunday, unfolds against the backdrop of persisting apprehensions regarding global demand and the formidable supply emanating from non-OPEC+ producers.

LPG prices are back in the limelight ahead of the 2024 general elections which will be held between April to May. In the state of Uttar Pradesh, the fifth largest economy of India, LPG price of 14.2 kg per cylinder was at Rs 937.50 including subsidy for the month of March, increasing by Rs 15 from the previous month. LPG prices are imposed by oil market companies HPCL, BPCL, and Indian Oil. LPG Cylinder Rates are also available for 14.2 Kg, 5 Kg, 19 Kg, 47.5 Kg Cylinders! The rate of LPG depends on the crude price in the global market and the value of the currency, rupee against the dollar.

The largest LPG cylinder providers in the state are HP Gas (HPCL),  Bharat Gas (BPCL), and Indane Gas (Indian Oil Corporation).

Meanwhile, in other cities, 14.2 kg per cylinder is priced at Rs 915.50 in Agra, Rs 921 in Bareilly, at Rs 965.50 in Faizabad, at Rs 900.50 in Ghaziabad, at Rs 937 in Jhansi, at Rs 920.50 and Rs 918 in Kanpur Rural and Urban, at Rs 940.50 in Lucknow, at Rs 900.50 in Meerut and Noida, at Rs 944 in Rae Bareli, and Rs 966.50 in Varanasi.

Further, 19kg per cylinder of LPG is priced at Rs 1,843 in Agra, Rs 1,848 in Bareilly, at Rs 1,957.50 in Faizabad, at Rs 1,786.50 in Ghaziabad, at Rs 1,913.50 in Jhansi, at Rs 1,818 and Rs 1,825 in Kanpur urban and rural, at Rs 1,909 in Lucknow, at Rs 1,786.50 in Meerut and Noida, at Rs 1,915 in Rae Bareli, and Rs 1,969 in Varanasi.