Union Minister Pralhad Joshi said the Centre feels 'sad and sorry' over the hike in LPG prices, but described it as 'inevitable' due to the prevailing global situation.
The domestic cooking gas LPG price has been raised by ₹29 per cylinder, marking the second increase in three months as state-owned fuel retailers continue to grapple with elevated global energy costs.
Joshi said the world is reeling under serious crises, with no transshipment happening and LPG available from a limited number of sources.
The Government of India is trying to enhance procurement resources to ensure no hardship is caused to LPG and petrol/diesel consumers, the minister said.
The increase follows a ₹60-per-cylinder hike on March 7 after the conflict in West Asia disrupted global energy supplies and drove up international fuel prices.
State-run oil marketing companies were estimated to be losing about ₹703 per LPG cylinder sold before the latest revision.
