LPG prices increase by ₹29, raising costs to ₹942 per cylinder as global energy prices remain elevated.

LPG prices increase by ₹29, raising costs to ₹942 per cylinder as global energy prices remain elevated.

The latest revision comes as state-owned oil marketing companies continue to struggle with mounting losses on fuel sales. Industry estimates suggest that before the latest increase, companies were losing around Rs 703 on every domestic LPG cylinder sold. Even with the fresh hike, the gap between selling prices and actual costs is not expected to be fully bridged.

The latest revision comes as state-owned oil marketing companies continue to struggle with mounting losses on fuel sales. Industry estimates suggest that before the latest increase, companies were losing around Rs 703 on every domestic LPG cylinder sold. Even with the fresh hike, the gap between selling prices and actual costs is not expected to be fully bridged.