Rising geopolitical tensions in the Middle East — particularly the ongoing conflict between Iran and Israel — could soon impact the wallets of Indian households. The effects of this war are not confined to that region alone; they may soon be felt in Indian kitchens as LPG cylinder prices face potential upward pressure.
Here’s what you need to know about the latest developments:
Middle East Tensions Could Drive LPG Price Hike
According to emerging reports, the worsening crisis in the Middle East could disrupt the supply of LPG to India. Why does this matter? Because nearly two out of every three LPG cylinders used in India are imported from West Asia — one of the world’s most significant oil and gas-producing regions.
Following recent US airstrikes on nuclear sites in Iran, fears of a wider supply disruption are growing. If tensions escalate, the prices of LPG cylinders in India may rise in the coming weeks.
India’s Growing Dependence on LPG
The demand for LPG in India has more than doubled in the past decade, driven largely by government programs such as the Ujjwala Yojana, which expanded LPG access to rural and urban households. Today, over 33 crore Indian households rely on LPG for daily cooking needs.
However, this increased usage has also heightened India’s import dependency:
66% of India’s LPG demand is met through imports
Of this, 95% comes from West Asian countries such as Saudi Arabia, Qatar, and the UAE
According to data from the Ministry of Petroleum, India’s current LPG reserves are only enough to cover 16 days of consumption across import terminals, bottling plants, and refineries — making the market especially sensitive to any supply disruptions.
Petrol & Diesel Situation More Stable
Fortunately, India’s position is far stronger when it comes to petrol and diesel:
India is a net exporter of both fuels
About 40% of domestically produced petrol and 30% of diesel are exported
If needed, this volume can be redirected to meet domestic demand
Moreover, India maintains about 25 days of crude oil stocks in refineries, pipelines, the National Strategic Petroleum Reserve, and tankers — providing a healthy cushion against any short-term shocks.
No Panic Buying Yet
Despite the tense situation in the Middle East, Indian refiners are not rushing to make panic purchases. Industry insiders believe that the risk of an immediate supply shock remains manageable — especially for petrol and diesel.
However, if tensions escalate further and disrupt West Asia’s LPG supply chains, Indian consumers could soon face higher cylinder prices at the local level.
Final Thoughts
For now, it’s a wait-and-watch situation for both policymakers and consumers. If you rely heavily on LPG, it might be worth staying updated on price changes in the coming weeks — as global events could quickly influence the domestic market.
Author Profile
- My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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