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Rigidity is risky
March 16, 2026
|Mint New Delhi
Given the distinction that India makes between essential and discretionary spending, the Centre's use of the Essential Commodities Act to regulate LPG supply was no surprise.
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Households being prioritized over commercial users was like a policy reflex; restaurant food is seen as an indulgence. Yet, market psychology doesn't always comply. The very visibility of LPG-starved eatery closures may have amplified the sense of scarcity that set off a rush for LPG cylinders, worsening
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