India recently increased the price of domestic LPG cylinders by ₹60, triggering political debate across the country. But the bigger question is: what is really driving the price increase?
This explainer looks at the global geopolitical context behind India’s LPG pricing, including rising international gas prices and the impact of tensions in West Asia involving Iran, Israel and the United States.
Nearly 60% of India’s LPG imports pass through the Strait of Hormuz, making the country vulnerable to global supply disruptions. International LPG benchmark prices have risen sharply in recent months, pushing up import costs.
Yet the ₹60 revision reflects only a fraction of the actual global price increase, with oil companies and the government absorbing a large share of the shock.
Despite the revision, India continues to maintain one of the most affordable LPG pricing systems in the region.
This explainer breaks down the numbers, the geopolitics, and the policy choices shaping India’s cooking gas prices today.
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