The price of LPG in gas cylinders rose for the second time in 15 days
11. November 2021Indian oil companies again increased the price of LPG (Liquified Petroleum Gas) for home use. A gas cylinder without government subsidy has therefore become 25 Indian rupees (approx. 0.35 US dollars) expensive. Overall, a gas cylinder with a filling weight of 14.2 kg costs the equivalent of 11.90 US dollars in the capital Delhi or in Mumbai. The Economic Times of India reports that the continuous price increase for LPG has been going on for three consecutive months. The price of a gas cylinder varies in the states due to different taxation. The price of LPG for commercial use also increased. In Delhi, a 19 kg cylinder was the equivalent of US$22.79, an increase of 75 Indian rupees (about US$1). Meanwhile, the number of LPG users continued to rise. As of 1 July, there were around 291 million households in India using LPG for cooking and heating. In 2018-2019, there were only 265 million households. However, most equipment, plants and facilities must undergo mandatory PESO certification.
The Indian gas industry got its start in the 1960s with the exploration of gas deposits in the states of Assam and Maharashtra. Since then, the importance of natural and liquefied gas in India has grown steadily. While in March 2021, the production volume declined by 8.1 per cent, in August 2021, it increased by 20.23 per cent. However, India is heavily dependent on imports of natural gas and meets about 45 per cent of its demand through imports. In 2019, India was therefore the world’s fifth largest importer of natural gas. At the same time, the price in the country fluctuates considerably and is largely dependent on international markets as well as domestic demand.
The Indian oil and gas industry is growing and offers good opportunities for your company to provide services and products there or to produce locally, for which PESO certifications for products are essential in many cases.. Relevant product groups or components are for example gas and pressure vessels, valves and fittings or safety equipment. A complete list can be found under this link. The experts at MPR International GmbH are available to answer your questions about PESO certification or other India certifications without obligation for an initial assessment.
If you are interested in understanding what requirements are needed for your product to be imported into India, please do not hesitate to contact us by email or phone at +49-69-271 37 69 261. There is no cost or obligation for us to check for you. If a certification need is discovered we can provide a quotation to make sure that all your certification needs are covered.
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For more information about PESO certification, please refer to our free brochure “PESO Certification Made Easy“.
