Oil marketing companies (OMCs) are likely to see a big drop in losses on selling domestic LPG cylinders over the next few months due to the recent LPG price hike and falling international fuel prices, according to a report by Antique Stock Broking.
Nationalist Congress Party (Sharad Chandra Pawar) MP Supriya Sule on Tuesday expressed surprise at the recent hike in LPG cylinder prices, questioning why the public is not getting the benefit of the fall in crude oil prices in the country.
Rashtriya Janata Dal leader Tejashwi Yadav on Tuesday criticised the central government over the LPG cylinder price hike and said that the Prime Minister Narendra Modi-led government is for only the rich and not the poor.
"Namaskar to all my BJP friends. You all are doing 'Jan Akrosh Yatra'. I congratulate all of you. But at the same time, Government of India, your BJP Government has hiked the price of petrol, diesel and gas. So, your 'Jan Akrosh Yatra' should go on with BJP, it is your party," Dy CM Shiva
The demand is expected to rise in the cement sector as the government spending ramps up, and it could pave the way for price hikes across regions in April 2025, said a report by Nuvama.
Punjab minister Harpal Singh Cheema on Monday slammed the Union Government for hiking the prices of LPG cylinders. He alleged that the prices of all basic commodities had increased ever since the BJP government came to power.
In a post on X, Stalin accused the BJP-led Central government of hiking excise duty on petrol and diesel prices despite a drop in global crude oil rates, stating that citizens are not asking for a price cut but merely begging for no further increases.
"There have been fuel prices hikes and LPG cylinder price hikes in the past by the BJP government at the Centre. Now, the toll prices have been hiked. The BJP never protests against these price rises," he said while speaking to reporters.
R Ashoka, Leader of the Opposition in Karnataka, criticizes CM Siddaramaiah and DCM Shivakumar over price hikes, taxes, and mismanagement in a BJP protest. He accuses Congress of exploiting the public through taxes and commissions while neglecting infrastructure.
Karnataka BJP leaders, including state president BY Vijayendra, former Chief Minister BS Yediyurappa, and senior leader CT Ravi, were detained by police on Thursday during protests against the policies and price hikes introduced by the Congress-led state government in Bengaluru.
Karnataka Bharatiya Janata Party (BJP) leaders will 'gherao' the Chief Minister's official residence in Bengaluru at around 11 am over the issue of price hike in the state across multiple sectors.
Stating that the Congress government has increased prices of all the essentials, BJP MLC Chalavadi Narayanaswamy said that they want to remain incharge on the basis of five guarantees offered earlier.