LPG

LPG prices in India are determined by state-run oil companies and undergo monthly revisions. LPG is a staple in almost every Indian household, primarily utilized for cooking purposes. Escalations in LPG prices can impact the general populace, placing them at the receiving end of the escalating fuel costs prevailing in the current market environment. An encouraging aspect is that the Indian government presently extends a subsidy on domestic LPG cylinder purchases, directly depositing the subsidy into the buyer's bank account post-purchase. The subsidy amount varies monthly, contingent upon fluctuations in average international benchmark LPG prices and foreign exchange rates.