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Bhupesh Baghel Warns of Inflation Surge Following LPG Price Hikes
LPG price hike: 'This is just the beginning,' warns Bhupesh Baghel
Image: Asianet Newsable
Congress leader Bhupesh Baghel has expressed concerns over rising LPG prices and their impact on various sectors, particularly the hotel industry. He indicated that this increase is just the start of inflationary pressures, as petrol and diesel prices also rise, affecting agriculture and transport.
- 01LPG prices for 19 kg commercial cylinders have increased by ₹42 in Delhi, now costing ₹3,113.50, and by ₹53.50 in Kolkata, reaching ₹3,255.50.
- 02In the past five months, the price of commercial LPG cylinders has surged by ₹1,572.
- 03Baghel criticized Prime Minister Narendra Modi, labeling him as 'Inflation Man' for the ongoing price hikes.
- 04The Union Petroleum Ministry assures that India has sufficient LPG stock despite global energy crises.
- 05The price of 5 kg Free Trade LPG cylinders has also risen by ₹11, now costing ₹821.50 in Delhi.
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Congress leader Bhupesh Baghel has raised alarms over the recent hikes in Liquefied Petroleum Gas (LPG) prices, asserting that these increases are adversely affecting key sectors such as the hotel industry, agriculture, construction, and transport. He stated, 'This is just the beginning,' indicating that inflation is likely to continue rising. The price of 19 kg commercial LPG cylinders has increased by ₹42 in Delhi, bringing it to ₹3,113.50, and by ₹53.50 in Kolkata, now costing ₹3,255.50. Over the last five months, the total increase in commercial LPG prices has reached ₹1,572. The Congress party has criticized Prime Minister Narendra Modi for these price hikes, dubbing him 'Inflation Man.' Meanwhile, the Union Petroleum Ministry has reassured the public that India maintains sufficient stocks of LPG and other fuels, despite a global energy crisis. The price of 5 kg Free Trade LPG cylinders has also seen a rise of ₹11, now priced at ₹821.50 in Delhi.
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The increase in LPG prices is expected to raise operational costs for the hotel industry and impact agricultural and transport sectors, potentially leading to higher prices for consumers.
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