LPG price hike inevitable due to global crisis: Union Minister Pralhad Joshi
The domestic cooking gas LPG price has been raised by ₹29 per cylinder, marking the second increase in three months as state-owned fuel retailers continue to grapple with elevated global energy costs
Union Minister Pralhad Joshi has indicated that further increases in domestic cooking gas prices are unavoidable due to the ongoing global energy crisis. State-owned fuel distributors have recently implemented a ₹29 hike per cylinder, representing the second such adjustment within the last three months. This upward trend in pricing is attributed to the sustained rise in international energy costs, which continues to impact local markets. Officials suggest that these adjustments are necessary for retailers to manage the financial strain caused by volatile global supply chains. Consumers are now facing a period of recurring price escalations as the government attempts to balance market realities with domestic affordability.
The rising cost of LPG directly impacts household budgets and highlights the vulnerability of domestic energy prices to global market fluctuations.
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