In India, where the average household earns about Rs 50,000 ($1,600) a year, gas stoves are the cheapest, according to a report released Tuesday by the Confederation of Indian Industry (CII) and Indian Oil and Gas Corp. (IOGC).
The report, titled Gas Stove Price Comparisons: Cost, Productivity and Quality in India, found that the gas stove was the cheapest of the two types of heating products that make up the stove category.
The gas stove is the cheapest gas appliance that can be bought in India and is the mainstay of Indian households.
It is the most commonly used stove and is used by almost 90 percent of the Indian population.
The stove is one of the most popular energy sources used in India.
It comes in a variety of sizes ranging from the size of a small kettle to the size to match the size and weight of the average Indian household.
It has become the preferred heat source in rural India.
The cost of gas stove in India has come down from the $1.8 billion ($2.4 billion) that the industry had estimated earlier this year.
The industry, however, still expected the cost of the stove to continue to fall.
The CII report said that in 2015, gas stove prices were at an average of $2,400 ($2,900) for a gas cooker, $1 (Rs 2,500) for the gas tank, and $1 ($1.25) for an extra tank of gas.
In 2016, the price dropped to $1 for a small gas stove, $800 ($1) for small gas tank and $800 (Rs 4,800) for extra gas tank.
The price of gas was estimated to be at a maximum of $3,500 ($4,100) for gas stove units, the report said.
According to the report, in 2016, more than 2.7 million households were consuming gas stove appliances, with an average price of $1 per unit, the lowest among all gas appliances.
The report also said that India’s total installed gas stove capacity in 2016 stood at 5.4 million units, of which 1.8 million were gas cookers.
The number of gas stokers in India stood at 10,000 units, with the capacity of the entire gas stove category of more than 11 million units.