India raises cooking gas prices as Iran war hits supply

2026-03-07 - 19:43

Indian companies have raised the prices of liquefied petroleum ​gas, mostly used as a cooking ‌fuel, for the first time in about a year, as global prices surge with the U.S.-Israel war ​on Iran disrupting supplies from the ​Middle East. Indian Oil Corp, the country’s top ⁠refiner and LPG seller, has increased ​the prices of a 14.2-kg LPG cylinder in ​Delhi by 7% to 913 rupees ($9.93), according to its website. State refiners IOC, Bharat Petroleum Corp Hindustan ​Petroleum Corp raised prices in tandem. India, the ​world’s second-biggest importer of LPG, last year consumed 33.15 ‌million ⁠metric tons of cooking gas, a mixture of propane and butane, with imports accounting for about two-thirds of LPG consumption. Middle ​Eastern LPG accounts ​for ⁠85% to 90% of those imports. India on Friday asked refiners to boost ​LPG production to avoid any shortage ​of ⁠cooking gas in the country. Indian companies have also raised the prices of 19-kg commercial LPG ⁠cylinders, ​mainly used by hotels and ​restaurants, to 1,883 rupees from 1,768.50 rupees. ($1 = 91.9280 Indian ​rupees)