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Rising crude oil prices, a potentially weak monsoon, and geopolitical conflicts pose headwinds for India's economy, risking higher inflation and subdued growth in the coming months despite current resilience.
Youth Congress workers blocked the Coimbatore-Mangaluru Intercity Express protesting fuel price rises. Police removed them, and train services were briefly disrupted.
Fuel prices rose again, with petrol up ₹2.61 and diesel ₹2.71 per litre, the fourth increase in two weeks. This impacts inflation and transportation costs.
In Kerala, prices were hiked by ₹86 and ₹83 for petrol and diesel, respectively.
Despite the hike in commercial LPG, domestic LPG cylinder prices, petrol, diesel, and aviation turbine fuel (ATF) for domestic airlines have remained unchanged.
Currently, the non-domestic gas cylinders allowed for the state are capped at 20 per cent
“There is no shortage for domestic consumers, and there is no reason to panic,” said the minister.
The Centre has also instructed refineries and petrochemical units to maximise the production of LPG.
With the revision taking effect from April 1, the new retail price of a 19 kg commercial LPG cylinder in New Delhi is ₹1,762.
In Delhi, the price of a 19-kg commercial LPG cylinder was cut by Rs 14.50, bringing it down to Rs 1,804.
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