Concerns over the prices of LPG, CNG, and PNG continue after the United States decided not to renew the exemption on Russian and Iranian oil. Under this waiver, countries including India could buy oil from Russia and Iran under certain conditions. The situation has become more complicated as the United States has imposed a ban on maritime traffic to and from Iranian ports, following the failure of peace talks in Islamabad.

Impact on Energy-Importing Countries

These developments challenge the energy market, particularly for countries that rely heavily on energy imports. India depends significantly on West Asian nations such as Saudi Arabia and Qatar for more than 40 per cent of its crude oil and around 90 per cent of its LPG imports. This high dependence exposes the domestic energy market to regional developments.

LPG Price Movement in India

Recently, the price of a 19-kg commercial LPG cylinder in Delhi increased by ₹195.50, reaching ₹2,078.50, while domestic LPG prices remained unchanged at ₹913. The rise in commercial LPG prices from April 1 links to a 44 per cent increase in the Saudi Contract Price, which rose from $542 per tonne in March to $780 per tonne in April.

Government Assurances and Supply Stability

However, the Ministry of Petroleum and Natural Gas has assured the public that LPG supplies across the country remain stable and adequate. It has advised consumers not to engage in panic buying and to use LPG judiciously. The ministry also closely monitors LPG availability through the current distribution network.

Increasing Use of Digital LPG Services

It stated that the use of digital platforms for LPG booking is increasing, with nearly 95 per cent of consumers now using online methods such as IVRS, SMS, WhatsApp, and mobile applications.

LPG Shipment and Maritime Developments

In addition, the Indian-flagged vessel Jag Vikram, carrying 20,400 metric tonnes of LPG, arrived at Deendayal Port Authority in Kandla, Gujarat on Wednesday. The ship passed through the Strait of Hormuz during a temporary two-week ceasefire between the US and Iran and anchored on Tuesday night at Oil Jetty-1, DPA Kandla in Kutch, according to a statement from the Deendayal Port Authority. This is the ninth Indian vessel to depart from the Persian Gulf since early March, while around 15 other Indian-flagged ships remain in the region awaiting clearance to sail, government officials said.