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LPG Prices
Maharashtra Chief Minister Devendra Fadnavis on Sunday rejected the Opposition's criticism over fuel and gas price hike, attributing the fluctuation in rates to the Iran-US conflict. He said Prime Minister Narendra Modi has deftly handled the situation and taken steps to contain fuel costs even as petrol, diesel and gas prices skyrocketed in other countries. The Opposition has criticised the Central government over the rise in prices of essential commodities. Earlier in the day, NCP (SP) chief Sharad Pawar said the government would pay a "political price" as frequent hikes in essential commodities were burdening the common man. "The whole world knows the situation of war, and no country remains untouched. In every country, petrol, diesel and gas prices are high. In India, the Prime Minister has done a lot to contain the prices. I feel that as long as the war situation remains like this, some things will continue, but we have also seen before that prices had fallen, so when demand a
The Aluminium Extrusion Manufacturers Association of India (ALEMA) has urged the government for urgent relief measures as the industry is grappling with severe LPG and PNG shortages triggered by the escalating West Asia crisis. The ALEMA has urged the government to implement urgent relief measures, including interest rate cuts and loan moratoriums. ALEMA, in a recent letter to the government, said the conflict in West Asia has severely disrupted supplies of liquefied petroleum gas (LPG) and piped natural gas (PNG), critical fuels for melting, heating and ageing processes in aluminium extrusion manufacturing. "Many extrusion units have been compelled to shut down or reduce production by 30-70 per cent due to acute shortages and supply prioritisation by the Ministry of Petroleum and Natural Gas," the association said. ALMA represents nearly 250 of India's 450 aluminium extrusion companies -- with 90 per cent being MSMEs. According to the association, without intervention, the ...
Orders from restaurants impacted by the shortage of commercial LPG cylinders due to the ongoing West Asia conflict are starting to recover as eateries adjust their menus and adopt alternative cooking methods, according to the food delivery platform magicpin. Anshoo Sharma, CEO and founder of magicpin, told PTI the disruption has largely affected smaller restaurants that rely heavily on LPG cylinders for cooking and have limited financial resources. Orders in cuisines that rely significantly on LPG-based cooking initially saw a dip of about 5-10 per cent, but demand has started to recover as restaurants adjust their operations, Sharma said. He observed that restaurants have responded to the supply constraints by temporarily restricting certain menu items and adopting alternatives such as induction cooking, wood-fired stoves and electric ovens. "Many of them are adapting by restricting certain menu items or shifting to alternatives like induction cooking, wood-fired stoves and electr
Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Thursday said that efforts are underway to bring the LPG crisis under control and that avenues are opening for India to secure additional supply. Speaking to reporters here, he said Union Minister Hardeep Singh Puri had answered questions regarding the LPG crisis in Parliament on Wednesday. He said due to diplomatic sensitivities, some matters related to supply through the Hormuz Strait cannot be revealed. "The Prime Minister has spoken to all countries regarding how the Hormuz Strait issue has affected lives and sought exemptions. I am not giving the exact data, but ways are opening for us to get more LPG," Gopi said. He said priority is being given to emergency utility services such as hospitals and crematoriums. "We, as a ministry, feel the situation is under control. However, we have no right to control several technical aspects outside the country," he said. He said the LPG crisis has affected daily life in
The Congress on Saturday attacked the government over the rise in prices of domestic LPG cylinders and asked why the people of the country were being made to bear the consequences of Prime Minister Narendra Modi's foreign policy "failures". In a post on X, Congress president Mallikarjun Kharge said the price of domestic LPG cylinders has been hiked by Rs 60 and claimed that a profit of Rs 115 is earned in commercial LPG. "First, the benefits of lower international prices were snatched from the public. Now, the people who are already burdened due to inflation are being made to sweat. The Modi government, which boasts 'sab changa si' (all is well) when war breaks out, is helpless in providing adequate oil-gas, fertilizer," he said. Congress spokesperson Supriya Shrinate said the Modi government had earlier said that there was sufficient supply and the America-Israel-Iran war would have no impact on the country's energy security. But then, in one swift move, they hiked LPG prices, she
The prices of domestic LPG and commercial cylinders were hiked by a steep Rs 60 and Rs 114.5, respectively, amid rising energy costs linked to the West Asia conflict. Non-subsidised LPG, the one that common household users other than the Ujjwala beneficiaries use in their kitchens, will now cost Rs 913 per 14.2-kg cylinder in Delhi as against Rs 853 previously, according to the Indian Oil Corporation (IOC) website. This is the second increase in prices in less than a year. Industry officials said the increase follows a steep rise in global energy prices since the breakout of military conflict in West Asia. Despite the price increase, cooking gas in India is priced at the lowest when compared with neighbouring countries, they said. The price increase, the website showed, is effective from March 7. This is the second increase in rates in 11 months. Prices were last hiked by Rs 50 in April last year. In Mumbai, non-subsidised LPG now costs Rs 912.50, Rs 939 in Kolkata and Rs 928.50