Indian companies have raised the prices of liquefied petroleum gas, mostly used as a cooking fuel, for the first time in about a year, as global prices surge with the US-Israel war on Iran disrupting supplies from the Middle East.
Indian Oil Corp, the country's top refiner and LPG seller, has increased the prices of a 14.2-kg LPG cylinder in Delhi by 7 percent to 913 rupees ($9.93), according to its website.
State refiners IOC, Bharat Petroleum Corp and Hindustan Petroleum Corp raised prices in tandem.
India, the world's second-biggest importer of LPG, last year consumed 33.15 million metric tons of cooking gas, a mixture of propane and butane, with imports accounting for about two-thirds of LPG consumption. Middle Eastern LPG accounts for 85 percent to 90 percent of those imports.
India on Friday asked refiners to boost LPG production to avoid any shortage of cooking gas in the country.
Indian companies have also raised the prices of 19-kg commercial LPG cylinders, mainly used by hotels and restaurants, to 1,883 rupees from 1,768.50 rupees.
FP/A
Joint forces launch major operation in Jungle Salimpur
3 killed as two human haulers collide in Rajshahi
WTI crude oil price jumps more than 30% on Mideast War
Mojtaba Khamenei named Iran’s new supreme leader
Hadi murder mastermind arrested in India
Bangladesh has 136,000 tonnes of fuel in reserve
Fuel shortage hits petrol pumps across country, long queues at stations
Israel strikes oil depots in Tehran; Iran attacks Haifa refinery
HC orders vote recount in Bagerhat-1 constituency
245 flights cancelled from Dhaka in a week
