Indian companies have raised the prices of liquefied petroleum gas (LPG), mainly used for cooking, for the first time in nearly a year. The hike comes as global LPG prices surge due to the ongoing U.S.-Israel military actions against Iran, which have disrupted supplies from the Middle East.
Indian Oil Corp (IOC), the country’s largest refiner and LPG distributor, increased the price of a 14.2-kg domestic LPG cylinder in Delhi by 7% to ₹913 ($9.93). State-owned refiners Bharat Petroleum Corp and Hindustan Petroleum Corp followed the move, adjusting their prices in line with IOC. Commercial 19-kg cylinders for hotels and restaurants were also raised, reaching ₹1,883 from ₹1,768.50.
India, the world’s second-largest importer of LPG, consumed 33.15 million metric tons of cooking gas last year, with imports accounting for around two-thirds of the total demand. Middle Eastern supplies make up 85–90% of these imports, leaving domestic prices sensitive to geopolitical developments in the region.
To prevent shortages, the Indian government has directed refiners to increase LPG production. Analysts say the price hike reflects both rising global energy costs and supply disruptions, and with India’s reliance on imported LPG, prices are likely to remain influenced by international events.
