INDIA CONSIDERS NEW LPG LEVY TO FUND RESERVES, CYLINDER PRICES MAY RISE BY RS 18

The Indian government is planning to introduce a new levy on liquefied petroleum gas (LPG) to finance the expansion of its strategic reserves. The proposed measure could increase the retail price of a 14.2-kg domestic cooking gas cylinder by approximately ₹18. This move aims to enhance the country's energy security but may add to household expenses.