Indian Oil Raises LPG and Jet Fuel Prices

Indian Oil Co. has hiked the price of liquefied petroleum gas for local industrial users and the price of jet fuel, but only for foreign airlines, Reuters has reported, citing a company statement. LPG prices for household consumers were kept unchanged. For industrial consumers, however, LPG will be 47.8% more expensive, reflecting the squeeze in supply resulting from the war in the Middle East. Meanwhile, foreign airlines buying Indian jet fuel will need to pay $76.55 more per kilolitre, for a total price of $1,511.86 per kilolitre. Some 60% of…