Domestic LPG Prices Rise by ₹29: New Rates and Implications for Consumers
LPG Prices Hiked: Domestic cooking gas rates increased by Rs 29 per cylinder; Here's what consumers will now pay
The Economic TimesImage: The Economic Times
Domestic LPG prices have increased by ₹29 per 14.2-kg cylinder, bringing the cost in Delhi to ₹942. This hike is attributed to ongoing losses faced by oil companies amid volatile international energy markets, affecting household budgets across India.
- 01The price of a 14.2-kg domestic LPG cylinder in Delhi has risen from ₹913 to ₹942 effective June 7.
- 02This increase follows a previous hike of ₹60 per cylinder in March, driven by geopolitical tensions affecting global energy supplies.
- 03State-run oil marketing companies are reportedly losing ₹703 on each domestic LPG cylinder sold, despite the recent price adjustments.
- 04Petrol and diesel prices have also risen, with petrol increasing by ₹7.50 per litre since mid-May.
- 05The government has limited the full pass-through of global energy costs to consumers, absorbing some losses to mitigate inflation.
Advertisement
In-Article Ad
The price of domestic cooking gas has been raised by ₹29 per 14.2-kg cylinder, now costing ₹942 in Delhi. This adjustment, effective June 7, comes amid ongoing volatility in international energy markets and follows a previous increase of ₹60 per cylinder in March. Oil marketing companies have been facing substantial losses, estimated at ₹703 per cylinder sold, as they continue to sell LPG below cost. The increase is part of a broader trend of rising fuel prices, with petrol and diesel also seeing significant hikes in recent weeks. Despite these revisions, state-run oil companies are still incurring losses, with petrol and diesel being sold at losses of approximately ₹11 and ₹33.6 per litre, respectively. The government has opted not to fully pass on the rising global energy costs to consumers, absorbing some of the financial burden to protect households from steeper price increases. The latest LPG price hike is expected to impact household budgets, especially for families reliant on LPG for cooking, as energy prices remain closely tied to international market fluctuations.
Advertisement
In-Article Ad
The LPG price hike is likely to strain household budgets, especially for those who rely on LPG for cooking.
Advertisement
In-Article Ad
Reader Poll
How do you feel about the recent increase in LPG prices?
Connecting to poll...
Read the original article
Visit the source for the complete story.



