Middle East War Fuels India’s Biggest Commercial LPG Price Hike Ever
Middle East war India fuel supply disruption drives a near 48% jump in commercial gas cylinder rates, hitting restaurants and businesses hard
India Fuel Supply – (Web Desk) – The Middle East war India fuel supply disruption has started hitting everyday life harder than ever. India’s government-owned energy company has raised the prices of commercial cooking gas and jet fuel for international airlines, as the ongoing war in the Middle East squeezes the country’s fuel imports and pushes costs higher for businesses across the board.
India depends heavily on imports for nearly 60 percent of its LPG, which is the cooking fuel that millions of Indian families use in their homes every single day. Since the Middle East conflict broke out in late February, those imports have slowed down significantly. The government has been working hard to protect household consumers, but businesses such as restaurants, factories, and power plants are now bearing the full weight of the shortage.
The Indian Oil Corporation Limited, the country’s top state-run energy firm, announced that prices for bulk and commercial LPG cylinders have now been officially revised upward. A 19-kilogram commercial cylinder now costs 993 rupees more than before — a jump of nearly 48 percent in the capital New Delhi alone. Prices may differ slightly in other cities because of local taxes and levies.
Restaurant owners are feeling the pinch the most. Many eateries had already cut back their working hours and menus during the ongoing war. This new price hike makes things even more difficult. At the same time, the cost of aviation turbine fuel used by international airlines has also gone up by around 5 percent in Delhi, which will likely push up airfares in the coming weeks.
Despite these sharp price increases in the commercial sector, the Indian government has been clear that household consumers will not face higher prices yet. The 14.2-kilogram domestic LPG cylinder remains unchanged in price. Authorities have also maintained that India is not facing any total fuel shortage, and that the country’s overall energy supply remains stable for most citizens.
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