Congress MP Manish Tewari Critiques LPG Price Hikes Amid OMC Profits
Why LPG price hikes when OMCs make huge profits? asks Manish Tewari

Image: Asianet Newsable
Congress MP Manish Tewari criticized the Indian government for increasing Liquefied Petroleum Gas (LPG) prices despite state-run Oil Marketing Companies (OMCs) reporting significant profits of ₹77,280.65 crore for FY 2025-26, a 130% increase from the previous year.
- 01The three state-run OMCs reported a cumulative profit of ₹77,280.65 crore for FY 2025-26, marking a 130% increase from FY 2024-25.
- 02In Q4 of FY 2025-26, OMCs recorded profits of ₹19,470 crore, a 40% rise compared to the same quarter last year.
- 03The domestic LPG price was increased by ₹29, bringing the total cost of a 14.2-kg cylinder in Delhi to ₹942.
- 04The price hike follows a previous increase of ₹60 on March 7, 2026, due to disruptions in global energy markets.
- 05Sujata Sharma, Joint Secretary in the Ministry of Petroleum, stated that the government is working to ensure adequate LPG availability despite recent price hikes.
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On Sunday, Congress MP Manish Tewari raised concerns regarding the recent increases in Liquefied Petroleum Gas (LPG) prices, questioning the rationale behind price hikes when state-run Oil Marketing Companies (OMCs) are reporting substantial profits. Tewari highlighted that the three OMCs achieved a cumulative profit of ₹77,280.65 crore in the financial year 2025-26, which is a 130% increase from the previous year. He pointed out that in the fourth quarter of FY 2025-26, the OMCs earned ₹19,470 crore, a 40% rise compared to the same period last year. Despite these profits, the price of a domestic LPG cylinder has been increased by ₹29, raising the cost to ₹942 in Delhi. This follows a prior increase of ₹60 on March 7, 2026, attributed to global energy market disruptions. Tewari criticized the government's pricing policy, questioning whether it constitutes effective governance. In response, Sujata Sharma from the Ministry of Petroleum stated that the government is ensuring adequate LPG availability and attributed recent demand reductions to various factors, including improved delivery systems and lower consumption by commercial users.
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The increase in LPG prices directly affects household expenses for cooking fuel, impacting the cost of living for many families.
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