Domestic LPG Cylinder Price Hikes by Rs 29, Second Increase in Three Months

LPG Price Hike: Domestic Cylinder Price Increases by Rs 29

Households will have to pay more for cooking gas from June 7, as the price of a domestic LPG cylinder has been increased by Rs 29. This is the second hike in the last three months, according to a report from PTI.

The price of a 14.2-kg LPG cylinder in Delhi will rise to Rs 942 from Rs 913, as per industry sources. This increase comes after a Rs 60-per-cylinder hike on March 7, which followed disruptions in global energy supplies due to the conflict in West Asia and the resulting rise in international fuel prices.

Industry sources stated that the earlier increase had only partly offset losses on domestic LPG sales. Before the latest revision, state-run oil marketing companies were estimated to be losing about Rs 703 on every LPG cylinder sold.