Source The Hindu
New Delhi: The Government of India has defended the recent increase in domestic LPG (liquefied petroleum gas) prices, stating that cooking gas rates in the country remain among the lowest globally despite a sharp rise in international benchmarks.
Officials pointed out that global LPG prices have surged by nearly 46% over recent months, driven by supply constraints, geopolitical tensions, and increased demand in major markets. This global spike has put pressure on domestic pricing, prompting periodic revisions to keep oil marketing companies financially viable.
According to government sources, India continues to shield consumers from the full impact of international price volatility through calibrated pricing and targeted subsidies. “Even after the recent adjustments, LPG prices in India are significantly lower compared to many other countries,” an official statement said.
The government also emphasized that it has taken multiple steps to support vulnerable households, including subsidies for beneficiaries under welfare schemes. Programs aimed at expanding clean cooking fuel access, particularly in rural areas, remain a priority.
However, the price hike has drawn criticism from opposition parties and consumer groups, who argue that rising fuel costs are adding to the financial burden on households already dealing with inflation. They have urged the government to increase subsidies or roll back the hike to provide relief.
Energy experts note that India, being heavily dependent on LPG imports, remains exposed to global market fluctuations. While the government has attempted to balance consumer interests with fiscal responsibility, sustained volatility in international energy markets could continue to influence domestic prices.
As global energy dynamics evolve, policymakers face the ongoing challenge of maintaining affordability while ensuring supply stability in one of the world’s fastest-growing energy markets.
