New Delhi, June 7 -- The Centre on Sunday justified the latest increase in domestic liquefied petroleum gas (LPG) prices, saying state-run oil marketing companies continue to incur losses of around Rs.700 on every 14.2 kg cylinder despite the hike.

The government also argued that cooking gas remains cheaper in India than in neighbouring countries such as Pakistan and Bangladesh, even as consumers face a second price hike of Rs.29 per 14.2 kg cylinder since supply disruptions triggered by the West Asia conflict earlier this year.

Public sector oil marketing companies (OMCs) late on Saturday night raised domestic LPG prices for the second time since the conflict in West Asia broke out. This follows an earlier price hike of Rs.60 per 14.2 ...