The March 7, 2026 ₹60 hike in domestic LPG cylinder prices in New Delhi was driven by a 50% surge in Brent crude oil prices from USD 80 to USD 120 per barrel within a week, caused by escalating geopolitical tensions in West Asia disrupting global energy supply.

CURRENT STATE

As of March 22, 2026, domestic LPG prices in New Delhi remain at ₹913 for a 14.2 kg cylinder with no further revisions after the March 7 hike. Petrol and diesel prices are also elevated at ₹94.77 and ₹87.67 per litre respectively, reflecting sustained high crude prices. Market volatility and inflationary pressures persist due to ongoing geopolitical risks and constrained energy supply.

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