The government-controlled oil marketing company, Indian Oil Corporation (IOC), has increased the price of its 14.2-litre LPG cylinder by Rs 60 for domestic consumers and Rs 115 for commercial users. With 332 million LPG consumers in the country, the lion's share goes to domestic consumers, and the PSUs determine the prices. As about 332 million domestic consumers are dependent on PSU-supplied LPG, the government has limited options if the crisis deepens. If the government decides to pass on the hike in the prices to consumers, the domestic cylinder price may soon touch Rs 900 and may further escalate to Rs 1,300 per. However, if the crisis deepens further, the LPG price may go up to Rs 1,700 per cylinder for domestic consumers.

Source: dna March 07, 2026 11:23 UTC