My tip of penis is somewhat red at pee location and slightly soring whenever i touch.which cream should i use for it? is there any suggestion?

Here are some ...: It's helpful to know if your glans penis is fully exposed or not. If not, you may have foreskin-related inlammation, for which the combination of increasing topical hygiene & applying topical antifungal cream with steroid may help to resolve it; it not as expected, circumcision is advised. If yes & sexually active, consider if meatitis is present; if so, it may be STD-related urethritis...

See your physician: for evaluation, labs, diagnosis and rule out STD. I would recommend you be tested for all the STD's that are commonly tested. The main reason for this is that many STD's can be without symptoms, especially chlamydia and gonorrhea, particularly in men. Good luck.