Mumbai/IBNS, April 1 -- Prices of commercial LPG cylinders were hiked by nearly Rs 200 on Wednesday, crossing the Rs 2,000 mark, in line with a sharp surge in global oil prices amid the ongoing West Asia conflict, media reports said.
The previous revision was carried out on March 1.
However, domestic LPG cylinder prices, which were earlier raised by Rs 60, remain unchanged.
The hike comes against the backdrop of rising global crude oil prices, driven by escalating geopolitical tensions in the Middle East, particularly the ongoing conflict involving Iran.
The conflict has also impacted oil infrastructure and slowed shipments, removing significant volumes from the market and creating supply constraints.
As a result, Brent crude prices ...
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