Slovakia backs India's permanent UNSC seat, UNSC adopts resolution calling Taliban rulers to reverse crackdown on women in Afghanistan, Nepal govt opens energy sector for private investments, The Amarnath Yatra will begin on July 3 and conclude on 28th August,

West Asia crisis fuels surge in LPG prices,3rd straight monthly hike

The price of commercial LPG cylinders was sharply increased by Rs993 per 19-kg unit on Friday, marking the third consecutive monthly hike amid escalating tensions in West Asia and a surge in global energy prices.With the latest revision, a 19-kg commercial LPG cylinder now costs a record Rs3,071.50 in Delhi, up from Rs2,078.50. The steep rise is expected to impact hotels, restaurants, and other commercial establishments that rely heavily on bulk cooking gas.


The latest increase follows earlier hikes of Rs195.50 per cylinder on April 1 and Rs114.50 on March 1, taking the cumulative rise to Rs1,303 over the past three months.On the other hand, domestic LPG prices remain unchanged. The last revision for household cooking gas came on March 7, when rates were raised by Rs60 per 14.2-kg cylinder, bringing the price in Delhi to Rs913.State-run oil marketing companies — Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum — revise LPG and aviation turbine fuel (ATF) prices on the first day of every month, based on international benchmarks and currency fluctuations, according to information.
Global crude oil prices have surged nearly 50 per cent in recent weeks as the ongoing conflict in West Asia disrupted supply chains, triggering volatility in energy markets and raising input costs for fuel distributors.The continued rise in commercial LPG prices is likely to add to operational costs for businesses and could translate into higher prices for consumers in the hospitality sector.


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Cuba weaponising energy, US sanctions Havana state oil company

    Full Story

  1. India and Venezuela focus on forging energy partnership during talks

    Full Story

  1. PM Modi meets Citi CEO Jane Fraser,discuss AI, energy & investments

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Avocado: A heart-smart ingredient worth adding to your plate

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

IDFC First Bank-AU Finance Bank fraud case: CBI searches 6 premises

The CBI has conducted searches at six premises in connection with the ongoing investigation into the IDFC First Bank and AU Finance fraud case..

Read More

Opinion

Manufactured Panic: When fear becomes a business model

Perhaps the most overlooked example of anxiety-driven consumerism lies in the modern obsession with expiry dates.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.