Centre justifies LPG price hike | India News
The government on Sunday justified raising liquefied petroleum gas (LPG or cooking gas) prices by ₹29 per 14.2kg cylinder to ₹942 on the ground that state-run oil companies are still losing ₹700 on each refill and that the fuel is still cheaper in India than in Pakistan and Bangladesh. A vendor unloads an LPG cylinder from a cart in Patna. (ANI) Public sector oil marketing companies (OMCs) late on Saturday raised domestic LPG prices across the country for the second time since the war in West Asia broke out on February 28, which led to major global supply-side disruptions. Including the increase of ₹60 per 14.2kg cylinder on March 7, total hikes in cooking gas prices now stand at ₹89. OMCs on March 7 raised the price of of 14.2kg domestic LPG cylinders supplied to general households from ₹853 to ₹913, and on June 7 to ₹942. The latest hike takes cooking gas prices to their highest level since August 30, 2023. The government, however, subsidises cooking gas by ₹300 per 14.2kg cylinder for up …

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