Domestic LPG Cylinder Prices Rise by ₹29 Amid Global Energy Challenges
Domestic Cooking Gas Becomes Costlier by ₹29
Pratidin Tv - Breaking News & Latest Update
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The price of a 14.2 kg domestic LPG cylinder has increased by ₹29, now costing ₹942 in Delhi. This marks the second hike in three months, totaling ₹89, attributed to rising global energy prices and supply disruptions.
- 01The latest price increase took effect on June 7, raising the cost from ₹913 to ₹942 in Delhi.
- 02This is the second price hike in three months, following a ₹60 increase in March.
- 03Overall, domestic LPG prices have risen by ₹89 during this period.
- 04The price adjustments are linked to global energy price fluctuations and supply issues in West Asia.
- 05State-run oil companies faced losses on LPG sales, prompting the price revision.
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The price of domestic liquefied petroleum gas (LPG) cylinders has risen by ₹29, effective June 7, bringing the cost of a 14.2 kg cylinder to ₹942 in Delhi. This increase is the second within three months, following a ₹60 hike in March, resulting in a total rise of ₹89 in domestic gas prices during this period. The price adjustments are attributed to escalating global energy costs and disruptions in fuel supply, particularly due to ongoing tensions in West Asia. As India heavily relies on imported oil and gas, these global developments have directly impacted domestic prices. Reports indicate that state-run oil companies were incurring losses on LPG sales, which necessitated this revision. Experts suggest that any improvement in global conditions, especially regarding stability in the Strait of Hormuz, could potentially help stabilize fuel prices in the future.
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The increase in LPG prices will affect household budgets, particularly for low and middle-income families who rely on gas for cooking.
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