The impact of the war on Iran is being felt in India

India's fuel distributors announced today, Saturday, an increase in the price of liquefied petroleum gas (LPG) for domestic use (cooking gas) for the first time in nearly a year, driven by rising global prices and supply disruptions caused by military tensions in the Middle East.

According to data released by the Indian Oil Corporation, the country’s largest LPG refiner and seller, it was decided to raise the price of a 14.2-kilogram gas cylinder by 7 percent, bringing it to 913 rupees (about $9.93), in both the capital New Delhi and other regions.

This decision, taken jointly by the Indian Oil Corporation and the companies Bharat Petroleum and Hindustan Petroleum, a price hike for cylinders intended for commercial use (19-kilogram capacity) used by hotels and restaurants, with the price rising from 1,768.50 rupees to 1,883 rupees.

These increases come at a time when the Indian government has called on refiners to ramp up domestic production to ensure the supply of the national market and avoid any shortage of this vital commodity, noting that India is the world’s second-largest importer of liquefied petroleum gas.