LPG Price Soars: West Asia Tensions Drive Rs 60 Hike, New Rates Effective March 7

• LPG cylinder prices increased due to escalating West Asian tensions affecting global oil and gas supply.
• 14.2 kg non-subsidized LPG cylinder price hiked by Rs. 60, effective March 7; new prices in Delhi Rs. 913, Mumbai Rs. 912.50, Kolkata Rs. 939, Chennai Rs. 928.50.
• Commercial 19 kg LPG cylinder price also rose by Rs. 114.5; no change for Pradhan Mantri Ujjwala Yojana beneficiaries.
• Strait of Hormuz restrictions by Iran and reduced production in the Gulf region are major causes for supply disruptions.
• Hospitality sector faces delays; government increases booking interval and prioritizes domestic connections to stabilize supply.