All posts tagged: LPG prices

Centre justifies LPG price hike | India News

Centre justifies LPG price hike | India News

Published by Parlour 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 …

LPG Price Hike: Government says rates in India among world’s lowest despite 46% jump in global benchmark

LPG Price Hike: Government says rates in India among world’s lowest despite 46% jump in global benchmark

Published by Parlour News

Indian households continue to pay among the lowest prices for cooking gas globally despite a sharp rise in international LPG prices triggered by disruptions in West Asia, the government said on Sunday (June 7, 2026), a day after increasing domestic LPG prices by ₹29 per cylinder. The price of a 14.2-kg domestic LPG cylinder in Delhi was raised to ₹942 from ₹913, while beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) will continue to pay an effective ₹642 per cylinder after receiving a subsidy of ₹300 per refill on the first four refills annually, down from 9 refills announced last year. The increase follows a ₹60-per-cylinder hike on March 7, taking the cumulative hike to ₹89 per 14.2-kg cylinder. State-run oil marketing companies were estimated to be losing about ₹703 on every LPG cylinder sold before the latest revision. In a statement, the government said the cost of supplying a domestic LPG cylinder has risen to more than ₹1,600 following a surge in international prices that followed the outbreak of war in West Asia at …

India’s state oil companies struggle under mounting fuel subsidy burden amid West Asia tensions

India’s state oil companies struggle under mounting fuel subsidy burden amid West Asia tensions

Published by Webster

India’s state-owned oil companies (OMCs) are facing growing financial pressure after absorbing massive losses to shield consumers from the impact of soaring global energy prices triggered by the ongoing Middle East tensions, reported the PTI. For the last 10 weeks, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have continued selling petrol, diesel and cooking gas LPG at rates significantly below actual costs, despite a steep rise in crude oil prices, the news agency reported. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

International womens day 2024 PM Modi Announces Rs 100 Cut In Cooking Gas Cylinder Prices On Women’s Day LPG Prices Slashed

Published by Webster

International Womens Day 2024: The Centre announced a reduction of Rs 100 in cooking gas cylinder prices New Delhi: Prime Minister Narendra Modi today announced a reduction of Rs 100 in cooking gas cylinder prices on the occasion of International Women’s Day. The announcement was made by PM Modi on X, formerly Twitter.  “Today, on Women’s Day, our Government has decided to reduce LPG cylinder prices by Rs. 100. This will significantly ease the financial burden on millions of households across the country, especially benefiting our Nari Shakti,” his post read.  Today, on Women’s Day, our Government has decided to reduce LPG cylinder prices by Rs. 100. This will significantly ease the financial burden on millions of households across the country, especially benefiting our Nari Shakti. By making cooking gas more affordable, we also aim… — Narendra Modi (@narendramodi) March 8, 2024 He said by “making cooking gas more affordable, we also aim to support the well-being of families and ensure a healthier environment”.  “This is in line with our commitment to empowering women and …