Oil marketing companies (OMCs) continue to incur an under-recovery of nearly ₹700 on every domestic LPG cylinder despite the recent ₹29 increase in cooking gas prices, the government said on Sunday.
According to a TOI report by Atul Mathur, the government said the cost of supplying a domestic LPG cylinder has risen to over ₹1,600 due to higher international LPG prices. It attributed the increase to a sharp rise in global energy prices following the West Asia conflict, which disrupted supplies and pushed up benchmark Saudi Contract Prices (CP).
