Written By: Danish
Middle East tensions may hike LPG prices in India. 2 out of 3 cylinders come from West Asia—any supply disruption will impact 33 crore homes.
India imports 66% of its LPG, with 95% from West Asia (Saudi, UAE, Qatar). Just 16 days of reserves—any delay risks shortages & price spikes.
War or sanctions could disrupt shipping, delaying LPG supply. Low storage (16-day stock) means India is vulnerable to sudden price surges.
India exports 40% petrol & 30% diesel. 25-day crude reserves & no panic buying keep fuel prices stable despite global tensions.
Industry warns: Panic buying could create artificial scarcity. Refiners avoid bulk purchases, but consumers should stay alert for LPG hikes.
Oil companies keep petrol/diesel prices unchanged for 3 years. But LPG, heavily imported, faces higher risk of price fluctuations.
Track LPG price updates. Consider alternatives if costs rise. Geopolitical risks mean kitchen budgets may need adjustment soon.