Induction cooking can be cheaper than LPG due to nearly 90% efficiency compared to gas stoves that use only around 40% of heat effectively. A 14.2-kg LPG cylinder costs about ₹913, while an induction stove uses roughly 78 electricity units costing around ₹624 at ₹8/unit. However, users must factor in upfront investment for induction cooktop and spending on compatible cookware.