India Raises Cooking Gas Prices 7%

India raised the price of cooking gas for the first time in nearly a year, as global energy markets react to supply disruptions linked to escalating tensions in the Middle East.

State-run energy companies announced a 7% increase in the price of household liquefied petroleum gas (LPG), reflecting higher international costs driven by the ongoing conflict involving the United States, Israel, and Iran.

According to Indian Oil Corporation, the price of a 14.2-kilogram household LPG cylinder in New Delhi has been raised to 913 rupees (about $9.93).

Other state refiners, including Bharat Petroleum Corporation and Hindustan Petroleum Corporation, implemented similar price increases.

India is the world’s second-largest importer of LPG, with domestic consumption of cooking gas reaching around 33.15 million metric tons last year.

Imports account for roughly two-thirds of the country’s LPG demand, which consists mainly of propane and butane.

Energy supplies from the Middle East play a dominant role in meeting India’s demand, accounting for between 85% and 90% of total LPG imports, making the country highly exposed to disruptions in the region.

In response to rising prices and supply risks, the Indian government has asked domestic refiners to increase LPG production to prevent potential shortages in the local market.

At the same time, energy companies also raised prices for 19-kilogram commercial LPG cylinders, commonly used by restaurants and hotels. The price was increased to 1,883 rupees, compared with 1,768.5 rupees previously.

Despite the turbulence in global energy markets, India said it will continue importing crude oil from Russia.

Indian officials confirmed that shipments of Russian crude currently stranded at sea will still be purchased after the United States granted a temporary waiver allowing such imports during the ongoing Middle East conflict.