New Delhi, June 10 -- Prices of domestic and commercial LPG cylinders remained steady on Wednesday, 10 June. On 7 June, India increased domestic Liquefied Petroleum Gas (LPG) cylinder prices by Rs.29, marking the second increase in three months, after the first revision of Rs.60 that came out on 7 March.

However, state-run oil marketing companies (OMCs) continue to absorb steep losses on every cylinder sold and cushion consumers against the volatile oil prices due to west Asia war. Supply chain disruptions across the Strait of Hormuz have put upward pressure on fuel prices internationally. Through the latest price revision in petrol, diesel and LPG prices, the government transferred some of the price pressure to consumers. Despite the se...