Saturday, June 15, 2024
26 C
Brunei Town

Domestic cooking gas price hike in India amid rising inflation

NEW DELHI (BERNAMA) – The price of domestic cooking gas, or Liquefied Petroleum Gas (LPG), hiked by INR50 yesterday, amid the overall rising inflationary trend in the country.

Now, one domestic LPG cylinder of 14.2 kilogrammes will cost around INR1,000 in Delhi,  reported Xinhua.

According to media reports, the domestic LPG cylinder’s price has risen by INR200 over the
past year.

Currently the rate of inflation is hovering around seven per cent in India.

Hinting at inflation rising in the coming months, Reserve Bank of India (RBI) chief Shaktikanta Das said in a statement, “Looking ahead, food inflation pressures are likely to continue.

“The sharp acceleration in headline consumer price index (CPI) inflation in March 2022 to seven per cent was propelled, in particular, by food inflation due to the impact of adverse spillovers from unprecedented high global food prices.”

A worker unloads liquefied petroleum gas cylinders in Hyderabad. PHOTO: AFP