Indian Oil Corporation (IOC) has signaled a potential hike in LPG cylinder prices due to mounting losses. The company currently incurs a loss of ₹617 per cylinder, significantly higher than the ₹171 loss recorded in April. This financial strain is attributed to rising global natural gas prices and supply disruptions in the Middle East caused by the Iran-US conflict. Although the government has maintained domestic prices so far, the increasing deficit of oil marketing companies suggests an impending price revision. India imports nearly 60% of its LPG demand, mostly from the Middle East. https://punjab.news18.com/news/business/lpg-price-may-hike-soon-as-indian-oil-losses-widen-rs-617-per-cylender-check-latest-rate-sk-969965.html #Creator program