New Delhi, July 15 -- Commercial and domestic cooking gas retail rates stood steady on Wednesday, despite soaring crude prices. The flare-up in West Asia conflict in recent days caused major price fluctuation in benchmark Brent crude price but consumers in India remain insulated to global volatility as state-run Oil Marketing Companies (OMCs) determine cooking gas rates.

The price of commercial Liquefied Petroleum Gas (LPG) cylinders is adjusted monthly and was last revised on 1 July when the price of a 19-kg cylinder was reduced by Rs.183.50. This marked first reduction in commercial cylinder price since onset in of US-Iran war in late February. Meanwhile, domestic LPG underwent last price revision on 7 June when price of 14.2-kg domest...