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LPG Price Raised Yet Again

LPG Price

New Delhi | The Unlock 1.0 as is being talked about is not bringing anything better atleast for the pockets for the households. As restrictions are being eased, LPG price has been raised which will eventually hit already suffering households across the country.

From today, the price of non-subsidized gas cylinder has been increased by Rs. 11.50 for an Indane gas cylinder in the national capital.

“For the month of June, 2020, there has been an increase in international LPG price. Due to increase in the prices in international market, the RSP (retail selling price) of LPG in Delhi market will be increased by Rs.11.50 per cylinder,” IOC, India’s largest refiner, said in a late Sunday night statement.

This comes up with a spike in demand for the fuel. During the lockdown, while the demand of transportation fuel has declined, there has been an increase in demand for cooking gas.

While the demand for fuels had almost vanished with most of the world under coronavirus lockdowns, the prices since have recovered. After Black April, crude oil prices have been up again. After the mayhem witnessed by the global oil markets in April, prices were up in May again, with the international benchmark Brent crude oil trading at $37.84 per barrel.

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