New Delhi, April 1 -- India's domestic LPG prices remain among the lowest in the world compared to neighbouring countries such as Pakistan (Rs 1,046), Sri Lanka (Rs 1,242), and Nepal (Rs 1,208), according to the Ministry of Petroleum and Natural Gas.
"Prices of commercial LPG cylinders, used by industries and hotels, are deregulated, market-determined, and normally revised on a monthly basis. Their consumption accounts for less than 10% of the total LPG consumed in the country," the Petroleum Ministry stated in a social media post on X.
Reacting to the price hike announced on Wednesday, the ministry said, "The April 1 price increase in commercial cylinder prices is due to a 44% surge in the Saudi Contract Price, from $542/MT in March to $...