LPG prices go up by ₹60 as Iran-US war sends ripples across the world| India News
Energy supply disruptions due to the war in West Asia have hit the common man as State-run oil marketing companies on Saturday raised cooking gas prices across the country by ₹60 per 14.2 kg cylinder, taking the price of domestic liquefied petroleum gas (LPG) cylinders in Delhi to ₹913 — the highest retail price since August 2023. Photo for representation (AFP) According to industry executives, the current rate hike reflects a partial transmission of the impact caused by an energy supply crunch in West Asia after the war in the region disrupted tanker movement through the Strait of Hormuz. This triggered a surge in benchmark Brent crude prices to $94.64 a barrel in Friday’s session before settling at $93.32, a nearly 27% jump in just one week. Similarly, halting of liquefied natural gas (LNG) supplies from Qatar saw Asian spot LNG prices surging more than double from about $10 per metric million British thermal unit (mmBtu) to about $25 mmBtu. Also read: Over 52,000 Indians returned home from crisis-hit Middle East since March 1, says …





