India raises domestic LPG price amid West Asia conflict

India’s state‑run oil marketers lifted the price of a 14.2‑kg LPG cylinder by Rs 29, to Rs 942 from Rs 913, marking the second increase in three months. The earlier hike of Rs 60 in March followed the West Asia conflict that disrupted global energy supplies and pushed international fuel prices higher.

Industry sources say oil companies were losing about Rs 703 on each LPG cylinder before the latest revision and continue to sell petrol and diesel below cost, absorbing losses of roughly Rs 11 per litre on petrol and Rs 33.6 per litre on diesel. petrol and diesel prices have risen a cumulative Rs 7.50 per litre since mid‑May, while CNG rates are up about Rs 6 per kilogram. The government has so far avoided fully passing higher international energy costs onto consumers, absorbing part of the increase through state‑owned fuel retailers.