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LPG Prices
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
Price of aviation turbine fuel (ATF), or jet fuel, was reduced by 7.3 per cent on Thursday, while commercial LPG rate was raised by Rs 111 per cylinder, as state-owned oil marketing companies implemented their monthly price revisions aligned with global fuel benchmarks. ATF price in Delhi was cut by Rs 7,353.75 per kilolitre, or 7.3 per cent, to Rs 92,323.02 per kl, according to state-owned fuel retailers. Commercial LPG rates were hiked by Rs 111 per 19-kg cylinder in line with global benchmarks. Commenting on the increase in price of commercial LPG cylinders, a statement issued by the Oil Ministry said the price of commercial LPG cylinders is market-determined and linked to international benchmarks. "Accordingly, revisions in commercial LPG prices reflect movements in global LPG prices and associated costs. The prices of domestic LPG remain unchanged," it added. India imports about 60 per cent of its LPG requirement, and domestic LPG prices are therefore linked to international
Jet fuel, or ATF price, on Thursday was hiked 2 per cent and the rate of commercial LPG used by hotels and restaurants by Rs 6.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. Aviation turbine fuel (ATF) price was hiked Rs 1,827.34 per kilolitre, or 1.9 per cent, to Rs 97,975.72 per kl in the national capital, according to a price notification of state-owned fuel retailers. This is second straight monthly increase in jet fuel rates. ATF prices were on July 1 hiked by 1.2 per cent (Rs 1,179.37 per kl). That increase followed a steep 6.5 per cent (Rs 6,673.87 per kl) reduction effected on June 1. The ATF rate in Mumbai was increased to Rs 91,650.34 per kl on Thursday from Rs 89,908.31 previously. Prices differ from state to state depending on the incidence of local taxes. Alongside, oil firms increased the price of commercial LPG by Rs 6.5 to Rs 1,652.50 per 19-kg cylinder. The increase follows four monthly price reductions, the last on