The cost of LPG cylinders in India has surged to Rs 1,100, marking a double increase in the past three years. This escalation has become a significant worry for both the common citizens and the government, even gaining political attention. Concerns about the financial burden faced by consumers have led the government to implement measures like subsidies under the Pradhan Mantri Ujjwala Yojana.
Soaring LPG Cylinder Prices in India: A Cause for Concern
However, the rise in international benchmark prices for LPG and their partial transmission to consumers have created a financial strain on oil marketing companies. Nonetheless, the demand for LPG remains robust, with consumption expected to rise and the number of domestic LPG consumers projected to increase significantly, including new beneficiaries under the PMUY scheme.
The issue of LPG cylinder prices has now become a focal point in state elections and has been included in the political discourse by various parties, promising measures to address the citizens’ concerns.
