Textile and chemical sectors benefit from LPG quota increase
after close1 source ↓written by the desknot a recommendation
- of pre-crisis levels
- 50% to 70%
- been reduced
- ₹10 per litre
India has increased the allocation of commercial LPG cylinders from 50% to 70% of pre-crisis levels, benefiting labour-intensive industries like textiles, chemicals, and dyes. This decision prioritizes process industries needing LPG for specialized heating, which cannot be replaced by natural gas. Additionally, the excise duty on petrol and diesel has been reduced by ₹10 per litre.
Not investment advice. For informational purposes only.