India, March 8 -- Energy supply disruptions due to the war in West Asia have hit the common man as State-run oil marketing companies on Saturday raised cooking gas prices across the country by Rs.60 per 14.2 kg cylinder, taking the price of domestic liquefied petroleum gas (LPG) cylinders in Delhi to Rs.913 - the highest retail price since August 2023.
According to industry executives, the current rate hike reflects a partial transmission of the impact caused by an energy supply crunch in West Asia after the war in the region disrupted tanker movement through the Strait of Hormuz. This triggered a surge in benchmark Brent crude prices to $94.64 a barrel in Friday's session before settling at $93.32, a nearly 27% jump in just one week. Si...
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