LPG prices surge amid Middle East tensions. Domestic cooking gas cylinders increased by 60 rupees in March, while commercial rates faced steeper hikes of 144 and 200 rupees across two revisions in recent weeks. International oil prices have surged approximately 50 percent due to disruptions in the Strait of Hormuz, a critical global energy shipping route. India imports roughly 60 percent of its liquefied petroleum gas, making the nation vulnerable to supply chain disruptions. Current domestic LPG rates range from 910 to 1,002 rupees across major cities including Delhi, Mumbai, and Bengaluru, while commercial cylinders cost between 2,078 and 2,353 rupees. State-owned oil marketing companies continue monthly price adjustments based on global energy market movements. Despite supply challenges, the government maintains that LPG availability remains stable and adequate throughout the country.
Post from MarketNews_en
Log in to interact with content.
