The Centre has increased the price of domestic LPG cylinders by ₹29, making cooking gas costlier for consumers across the country. The latest revision comes amid rising international LPG prices and growing financial pressure on state-run oil marketing companies (OMCs).
With the increase, the cost of a domestic LPG cylinder has moved closer to the ₹1,000 mark in several cities. The government said the revision was necessary to address losses incurred by fuel retailers, which have been absorbing a significant portion of the rising cost of supplying cooking gas.
According to official estimates, OMCs are currently facing an under-recovery of nearly ₹700 on every domestic LPG cylinder sold. Despite periodic price revisions, companies have continued to bear losses due to fluctuations in global energy markets and higher import costs.
Government officials said international benchmark LPG prices have risen sharply in recent months, increasing the burden on fuel retailers. They argued that the latest increase is aimed at ensuring the continued availability and distribution of cooking gas while reducing the financial strain on oil companies.
The Centre also noted that domestic LPG prices in India remain relatively lower than those in several other countries. Officials said the government continues to monitor global market trends and will take appropriate decisions based on prevailing economic conditions.
The price hike, however, has drawn criticism from opposition parties and consumer groups. They argue that higher LPG prices add to inflationary pressures and increase the cost of living for households. Consumer advocates have called for measures to protect vulnerable families from the impact of rising fuel prices.
Industry experts say LPG prices are closely linked to global energy markets, making them susceptible to international developments. Any further rise in crude oil and LPG benchmark prices could influence future revisions.
With global energy prices remaining volatile, market observers expect cooking gas prices to remain under scrutiny in the coming months. Consumers and industry stakeholders alike will be watching closely for any further policy measures or pricing changes.
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