New Delhi: The Central Government has increased the price of domestic Liquefied Petroleum Gas (LPG) cylinders by ₹29, adding to the financial burden on households across the country.
The revised rates have come into effect immediately and mark the second increase in domestic fuel prices since the escalation of tensions in West Asia, a region that plays a crucial role in global oil and gas supplies.
The latest hike is being linked to continued volatility in international energy markets, where concerns over supply disruptions have pushed up import costs. India, which imports a significant portion of its energy requirements, remains vulnerable to fluctuations in global crude oil and natural gas prices.
With cooking gas becoming more expensive once again, households are likely to feel the impact on monthly budgets, particularly amid rising living costs.
Energy market analysts say the ongoing geopolitical uncertainty in West Asia could continue to influence fuel prices in the coming weeks. They warn that if the conflict persists and global energy supplies remain under pressure, additional adjustments in LPG and petroleum product prices cannot be ruled out.
The increase comes at a time when governments worldwide are grappling with the economic consequences of higher energy costs triggered by geopolitical instability.
