From oil-driven rate hike bets and FPI outflows to export disruption, fuel shortages and shipping risks, Business Standard coverage tracks how the West Asia crisis is reshaping India's economy
IGL and GAIL Gas offer free gas worth ₹500, while other CGD firms waive charges to encourage domestic PNG adoption as LPG supplies tighten due to the West Asia crisis
The JNUSU on Monday said a march to the office of the dean of students will demand preemptive measures ensuring smooth and uninterrupted functioning of mess and dhabas on the campus, amid the LPG supply crisis. The call for the march by the student union -- planned for Tuesday -- comes as the food menus in the Jawaharlal Nehru University (JNU) canteens continue to be hit. According to the two separate letters sent from the Indraprastha Gas Limited to the mess heads of Sabarmati and Lohit hostels, "....supplies to all industrial and commercial customers are being restricted to 80 per cent of their average consumption for last six months with effect from 6 am on 11th March 2026". With the gas supply being cut by 20 per cent, the revised mess menu of the Lohit hostel specifies that no roti and poori will be available on certain days. The menu specifically mentions that no roti will be available for Tuesday and Saturday lunch, with replacements like "only rice" or khichadi added ...
The industry body said ethanol-based cooking solutions could complement existing LPG usage, particularly when India's growing cooking fuel demand relies heavily on imports
West Asia crisis: The government said India has adequate crude oil supplies and refineries are running at full capacity; consumers with both PNG and LPG connections have been asked to give up LPG
The Gujarat government on Monday said it has ramped up LPG supplies by 20 per cent over normal weekly distribution to ensure an uninterrupted supply, while prioritising Piped Natural Gas (PNG) connections in areas with availability of network. The state has an adequate stock of liquefied petroleum gas (LPG), and the supply chain remains uninterrupted, said Mona Khandhar, Additional Chief Secretary of the Food, Civil Supplies and Consumer Affairs Department. Addressing a press conference, the senior official stated that the government has not imposed any restrictions on domestic or commercial use and is taking steps to ensure smooth availability of fuel across sectors. "The district teams, police system, oil marketing companies and our state-level teams are in constant coordination to ensure that there is no disruption in LPG supply. We are receiving LPG stock continuously, and buffer stock with agencies is also increasing," she said. The state government, under the direction of Chi
West Asia war enters third week as Indian markets lose $447 billion in m-cap and sectors from LPG to exports, ports and services feel the economic strain
Survey by LocalCircles found that households are rushing to buy induction cooktops, as delays in cylinder deliveries and supply disruptions linked to the West Asia conflict raise concerns
As the West Asia war enters its third week, Donald Trump warns Nato of consequences for not helping reopen the Strait of Hormuz; Brent crude rises above $105
Auto industry body SIAM seeks priority LPG supply for factory canteens, warning shortages could disrupt shift operations and manufacturing
Commercial LPG cylinders are selling at up to three times the usual price, while wood and coal costs have jumped 50-100%, forcing Delhi-NCR caterers to cancel orders or absorb losses
India's net oil import bill could rise by $56-64 billion annually assuming global crude averages $110-115 per barrel in FY27
LPG refill bookings have declined to about 77 lakh from 88.8 lakh earlier, indicating some easing of panic buying, even as the government said there is no shortage of petrol, diesel or cooking gas, and supplies remain stable despite the West Asia conflict. In a daily update on the impact of the West Asia situation, the government said the share of online LPG bookings has risen to about 87 per cent from 84 per cent, attributing the increase to a campaign by oil marketing companies promoting digital booking and discouraging people from queuing up at LPG dealerships for panic purchases. All domestic "refineries are operating at high capacity and maintaining adequate crude oil inventories," the update said. "The country remains self-sufficient in the production of petrol and diesel, requiring no imports of the fuels to meet domestic demand." Oil marketing companies have reported no dry-outs at fuel retail outlets or LPG distributorships, and petrol, diesel and LPG supplies are being ...
Iran urges restraint amid calls for naval deployments to secure shipping through the Strait of Hormuz, a critical artery for global oil and LNG trade
Petroleum regulator advises city gas distributors to prioritise household PNG connections and accelerate pipeline expansion to reduce pressure on LPG supply chains
The government has barred households with piped cooking gas (called PNG) connections from retaining or obtaining subsidised domestic LPG connections, even as the sector regulator pushed city gas distributors to accelerate PNG rollout to ease pressure on cooking gas supplies amid global energy supply disruptions. In a notification issued on March 14, the Ministry of Petroleum and Natural Gas amended the Liquefied Petroleum Gas (Regulation of Supply and Distribution) Order, 2000, under the Essential Commodities Act, making it mandatory for consumers with PNG connections to surrender their domestic LPG connections. The amended order also prohibits government oil companies and their distributors from providing domestic LPG connections or refilling cylinders for consumers who already have a PNG supply. "No person having a piped natural gas (PNG) connection and also having a domestic LPG connection shall retain a domestic LPG connection, or take refills of domestic LPG cylinders from any
Orders from restaurants impacted by the shortage of commercial LPG cylinders due to the ongoing West Asia conflict are starting to recover as eateries adjust their menus and adopt alternative cooking methods, according to the food delivery platform magicpin. Anshoo Sharma, CEO and founder of magicpin, told PTI the disruption has largely affected smaller restaurants that rely heavily on LPG cylinders for cooking and have limited financial resources. Orders in cuisines that rely significantly on LPG-based cooking initially saw a dip of about 5-10 per cent, but demand has started to recover as restaurants adjust their operations, Sharma said. He observed that restaurants have responded to the supply constraints by temporarily restricting certain menu items and adopting alternatives such as induction cooking, wood-fired stoves and electric ovens. "Many of them are adapting by restricting certain menu items or shifting to alternatives like induction cooking, wood-fired stoves and electr
A critical shortage of LPG is pushing micro, small and medium enterprises towards an operational crisis, the Association of Indian Entrepreneurs said, calling for urgent intervention of central and state governments to prevent job losses in the sector. Association of Indian Entrepreneurs National Chairman K E Raghunathan highlighted that for thousands of small industries, commercial kitchens, and food processors, "LPG is not just a fuel, it is a lifeline of daily production." In a statement on Sunday, he said, "When supply becomes uncertain and prices rise sharply, MSMEs simply cannot absorb the shock." "Unlike large corporations, MSMEs operate on extremely thin margins. A sudden spike in energy costs or irregular LPG supply can force many units to cut production, reduce workforce, or temporarily shut down operations. If this situation continues, it could trigger a chain reaction impacting employment, supply chains and local economies," he added. Raghunathan urged the central and .
The Haryana government has approved committees headed by deputy commissioners of districts to ensure a steady supply of commercial LPG to essential categories such as hospitals and educational institutions, including hostels. The deputy commissioners may also, on priority, allot commercial LPG cylinders for marriage functions as per need and priority. The order issued by Additional Chief Secretary, Food and Civil Supplies and Consumer Affairs Department, Raja Sekhar Vundru, stated that priority may be accorded to marriage functions of daughters. The Government of India is prioritising LPG for domestic cooking and essential sectors, like hospitals, while restricting supply to non-essential commercial enterprises, including restaurants. Vundru's order further stated that the committee may include the superintendent of police, chief medical officer, and district education officer as members, with the district food and supplies controller as member secretary. This committee may allot
India is facing tightening of LPG supplies as nearly 90 per cent of the country's LPG imports originate from the West Asia