Did India raise LPG prices during the crisis?

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India Raised LPG Prices During the Middle East Crisis

India did raise prices for liquified petroleum gas (LPG), a crucial cooking fuel for millions of households, during the period of the Middle East crisis. This price increase occurred while the country was experiencing disruptions to its energy supplies.
LPG Price Hikes Amidst Supply Concerns

During the West Asia crisis, which led to the closure of the Strait of Hormuz, the Indian government implemented price increases for LPG. This measure was a direct response to the heightened pressure on energy supplies affecting the nation.
Removal of Supply Restrictions Follows Strait of Hormuz Recovery

Following an improvement in the LPG supply situation, India has since removed restrictions on commercial liquified petroleum gas supplies. This action was taken after trade through the Strait of Hormuz, a vital waterway for energy transit, began to recover. The government officially ended restrictions on "non-domestic packed LPG" and restored supplies to pre-crisis levels.
Impact of Strait of Hormuz Closure on India

The closure of the Strait of Hormuz, through which a significant portion of global oil and gas typically passes, had a notable impact on India. As the world's second-largest importer of LPG, much of which originates from the Middle East, disruptions to this waterway placed considerable pressure on India's economy and clouded growth forecasts. The government's decision to relax the suspension on bulk LPG supplies by 50 percent of pre-crisis consumption levels reflects this ongoing recovery.

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Did India raise LPG prices during the crisis?

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