LPG Cylinder Price Hike SHOCKS India
India's LPG Cylinder Price Hike SHOCKS Everyone
The recent hike in LPG cylinder prices in India has sparked widespread concern among households and businesses. Effective April 8, 2025, the price of a 14.2 kg domestic LPG cylinder has increased by ₹50, raising the cost from ₹803 to ₹853 for regular users. Beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) will now pay ₹550 instead of ₹500. This decision comes amidst rising global fuel prices and aims to offset losses incurred by oil marketing companies (OMCs) due to subsidized rates.
The government has cited international LPG price surges—from $415 per metric tonne to $712 per metric tonne—as a key driver for the hike. While commercial LPG cylinder prices were recently reduced by ₹41 to benefit businesses, the increase in domestic cylinder prices directly impacts over 30 crore households. This dual pricing strategy reflects the government's attempt to balance industrial and household needs.
The ripple effects of this price hike are significant. For low-income families relying on subsidized cylinders, the increased cost exacerbates financial struggles. Many households may reduce their LPG consumption or revert to unclean fuels like wood and coal, undermining efforts to promote clean cooking practices. Additionally, businesses such as restaurants and small eateries face higher operational costs, which could lead to increased menu prices for consumers.
The government has announced that LPG prices will now be reviewed every two weeks to align with global market trends. This frequent review process aims to ensure that domestic prices remain competitive while addressing the financial health of OMCs. However, critics argue that these measures disproportionately affect middle- and low-income groups already burdened by inflation and rising living costs.
The hike also coincides with a ₹2 per litre increase in excise duty on petrol and diesel, further contributing to inflationary pressures across transportation and logistics sectors. These cascading effects are expected to strain household budgets and increase grocery bills, highlighting the need for equitable policies that prioritize vulnerable populations.
In conclusion, while the LPG price hike addresses fiscal challenges, its impact on households and businesses underscores the importance of balancing economic policies with social equity. The government must explore sustainable solutions to mitigate the financial burden on India's most vulnerable communities.
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