LPG Price Hike: Oil Minister justifies increase citing spike in global prices
India | February 13, 2020 21:30 ISTThe oil ministry on Thursday justified the steep Rs 144.50 per cylinder hike in cooking gas LPG prices, saying the rates are based on the international market price that had increased over 26 per cent last month. It also said domestic consumers have been largely insulated from the hike by way of the large increase in subsidy.