New Delhi, March 16 -- LPG prices are in focus since the West Asia conflict began as oil prices across the globe embarked on steady upward rally. In New Delhi, the updated domestic Liquefied Petroleum Gas (LPG) prices currently stand at Rs.913.00 for a 14.2 kg cylinder. The price change indicates a marked increase compared with previous month's price of Rs.853.00.

Disruption in vessel movement through Strait of Hormuz - a route that handles about a fifth of the world's oil supplies - has caused high volatility in crude oil prices which rippled across asset classes, pushing LPG prices. Even though the Centre maintains that there is no shortage of cooking gas, several businesses in the hospitality sector have been shut after shortage of co...