New Delhi: Domestic cooking gas prices have been increased by Rs 29 per cylinder, marking the second hike in the last three months as state-owned fuel retailers continue to face pressure from high global energy costs.
With effect from June 7, the price of a 14.2-kg LPG cylinder in Delhi has gone up to Rs 942 from Rs 913.
The latest increase comes after a Rs 60-per-cylinder hike announced on March 7. That revision followed disruptions in global energy supplies caused by the conflict in the Middle East, which pushed up international fuel prices.
Before the latest revision, state-run fuel retailers were estimated to be losing around Rs 703 on every LPG cylinder sold. The fresh hike is expected to partly reduce these losses, although the companies continue to bear the impact of elevated international energy prices.
The increase is likely to add to household expenses for millions of consumers who rely on LPG for cooking.