LPG cylinder price tops Rs 1,600; government covers Rs 700 shortfall, cites higher Saudi crude price

The Petroleum Ministry reported a rise in LPG cylinder supply cost. Prices have climbed to more than Rs 1,600 per cylinder. The government will absorb a Rs 700 shortfall in recovery. The under-recovery is linked to higher Saudi crude oil prices. The ministry highlighted the impact of the Saudi price increase. This move aims to shield consumers from the cost surge. The policy reflects the government's effort to manage fuel inflation. Officials said the measure will be in place while prices stabilize.