Daijiworld Media Network – New Delhi
New Delhi, Jul 1: In a move bringing relief to commercial establishments across the country, oil marketing companies on Tuesday, July 1, reduced the price of 19 kg commercial LPG cylinders by Rs 58.50. With this latest revision, the price of a commercial LPG cylinder now stands at Rs 1,665 in the national capital, offering a breather for hotels, restaurants, and small businesses grappling with rising operational costs. Similar adjustments have been made in other metro cities as well, including Mumbai, where the cylinder now costs Rs 1,616, Kolkata at Rs 1,769, and Chennai at Rs 1,823.50. However, there has been no revision in the price of the 14.2 kg domestic LPG cylinders, which are widely used by households.
Even as this development came as a respite for the business community, residents of Delhi were greeted with a stern new directive at fuel stations across the city. In line with the national capital’s pollution control measures, authorities have begun enforcing a ban on refueling vehicles categorized as End-of-Life (ELVs). Petrol pumps have prominently displayed notices warning that, effective July 1, vehicles over 15 years old running on petrol and diesel vehicles older than 10 years will no longer be refueled. Several stations have installed CCTV cameras and public address systems to ensure compliance with the regulation and to alert vehicle owners at the pump.
Meanwhile, global developments in the crude oil market have also drawn attention. A report released by ICICI Bank suggests that despite previous escalations in geopolitical tensions, including the Israel-Iran conflict, crude oil prices are expected to remain under pressure. The market has been described as oversupplied, with production outpacing demand for the fifth consecutive month. May alone recorded a net supply surplus of 1.6 million barrels per day. The report further forecasts flat demand in 2025, estimating consumption at 102.9 mbpd — nearly identical to the levels recorded in 2024. It attributes the subdued demand to sluggish global economic growth and ongoing uncertainties around trade relations.
The revision in commercial LPG prices and the enforcement of ELV rules are seen as part of a broader effort by authorities to balance economic pressures with environmental responsibility, even as global energy dynamics continue to evolve.