India's oil firms raise domestic LPG price by Rs 60
Change
India's oil firms increased the retail price of non-subsidised 14.2-kg domestic LPG by Rs 60 to Rs 913 per cylinder in Delhi, effective March 7.
Why it matters
Households must absorb higher recurring cooking-fuel costs, increasing average daily per-person expenditure by about 20 paise and household expenditure by roughly 80 paise given typical annual consumption. Commercial users such as hotels and restaurants face steeper input costs after commercial 19-kg cylinders were raised by Rs 114.5, and refineries have been ordered to boost LPG output to alleviate tightening supplies.
Implications
- • State-owned oil refineries must increase LPG production under the government's emergency production directive.
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