Domestic Gas Prices Hiked By Rs 29 Per Cylinder, Second Rise In 3 Months
New Delhi: The state-owned Indian oil marketing companies have raised the domestic cooking gas price by Rs 29 per cylinder, marking the second rise in three months.
The second consecutive increase in the LPG cylinders might strain the already stressed financial situation and the budget of many families. The rise in other essential items, including petrol and diesel, has added pressures to the budgets of the middle class.
Read Also: Commercial LPG Price Hiked By Up To Rs 53, 19-kg Gas Cylinder Now Costs Around 1,300
The state-owned fuel retailers are reportedly struggling with increased global energy costs due to disruptions in oil flow triggered by the US-Israel war on Iran. The closure of the Strait of Hormuz and the attacks on key energy facilities have made things worse, leading to a hike in crude oil prices. The price of a 14.2-kg LPG cylinder in Delhi will rise to Rs 942 from Rs 913.
Due to the global crisis, Oil companies continue to sell petrol and diesel below cost, incurring losses of around Rs 11 per litre on petrol and Rs 33.6 per litre on diesel, according to the reports.
Read Also: Delhi: 3 Arrested For Hoarding LPG Cylinders To Sell Them At Premium Prices; Many Cylinders Seized
