India Diversifies LPG Imports Amid Middle East Conflict

Middle East conflict pushes India to rethink LPG imports as OMCs absorbed price shocks

India significantly diversified its LPG imports, tapping the US, Iran, and other nations to reduce Middle East dependence amid regional crisis. While state-run retailers absorbed price hikes, domestic consumption dipped due to tighter supplies and rising costs. The move, though ensuring continuity, highlighted ongoing import reliance and the need for a broader sourcing strategy to mitigate future geopolitical risks and market volatility.

By TOI BUSINESS DESK