Centre hikes commercial LPG prices by Rs 993 amid global energy crisis
The Indian government has increased the price of commercial liquefied petroleum gas (LPG) by Rs 993 per cylinder amid rising global energy costs. The decision reflects ongoing pressures from the global energy crisis and elevated international fuel prices. The move is expected to impact businesses reliant on LPG for cooking and industrial purposes.
- ▪The Indian government raised commercial LPG prices by Rs 993 per cylinder.
- ▪The price hike is attributed to the ongoing global energy crisis and high international fuel costs.
- ▪Commercial LPG is primarily used by hotels, restaurants, and small industries.
- ▪Residential LPG prices were not affected by this particular revision.
- ▪The decision underscores the impact of global market trends on domestic energy pricing in India.
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