In recent months, the geopolitical landscape surrounding energy supplies has shifted dramatically, particularly affecting liquefied natural gas (LNG) markets. Just before the key developments unfolded, Qatar was a leading supplier of LNG, providing around 40% of India’s needs. However, escalating tensions in the region, particularly involving Iran, have led to significant disruptions in this vital supply chain.

On a fateful day, Iranian attacks targeted Qatar’s Ras Laffan LNG hub, resulting in severe damage that has sidelined 17% of Qatar’s LNG capacity. QatarEnergy CEO Saad al-Kaabi remarked, “never in my wildest dreams” did he expect such a disruption. The attacks not only crippled Qatar’s ability to supply LNG but also rendered the Strait of Hormuz nearly impassable, a crucial passage for energy supplies, affecting 40% to 50% of India’s crude imports.

The implications of these events have been immediate and far-reaching. Following the news of the LNG outage, European gas prices surged by 35%, reflecting the heightened anxiety in global energy markets. As the situation escalated, Brent crude prices briefly rose more than 10% to above $119 per barrel, signaling the market’s response to the instability in the Middle East.

India, heavily reliant on LNG imports, is now facing a precarious situation. With 90% of its LPG imports transiting through the Strait of Hormuz, the disruption poses a significant risk to India’s energy security. In response, India is actively seeking alternative sources for LNG and LPG to mitigate the impact of these supply disruptions. Sujata Sharma, an industry expert, noted, “We are trying to pick up the cargoes from other sources,” highlighting the urgency of India’s search for energy alternatives.

Furthermore, India has increased its domestic LPG production from refineries by about 36% to counterbalance the supply loss. However, the damage to Ras Laffan is expected to create a multi-year supply loss in the LNG market, with repairs projected to take between 3 to 5 years, as stated by al-Kaabi.

As the situation continues to evolve, the potential for further disruptions looms large. Sumit Ritolia, an energy analyst, warned that if the disruption through Hormuz persists, Indian buyers may need to procure higher-priced spot cargoes or reduce consumption, further straining the country’s energy resources. The top five import sources of crude petroleum for India—Russia, Iraq, Saudi Arabia, UAE, and the USA—account for around 83% of its imports, underscoring India’s vulnerability to disruptions in the Middle East.

In light of these developments, the international community is closely monitoring the situation. India had previously called for the avoidance of targeting civilian infrastructure, including energy infrastructure, across the region, emphasizing the need for stability in energy supplies. As the crisis unfolds, the interconnectedness of global energy markets becomes increasingly evident, with repercussions felt far beyond the immediate region.

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The Indian oil gas booking system has encountered a major crisis as the demand for LPG cylinders has surged dramatically. Indane’s LPG refill booking system has crashed nationwide, primarily due to an overwhelming increase in customer calls.

The volume of calls to Indane’s IVRS and missed call booking numbers has surged to 8-10 times the usual levels. This unprecedented situation has resulted in longer wait times for customers seeking to book their LPG cylinder refills.

Causes of the Crisis

The crisis was triggered by recent government policy changes that led to a spike in LPG gas booking volumes, skyrocketing to 10 times the daily average. In response to the increased demand, the government has raised the minimum waiting period for booking a domestic LPG cylinder refill from 21 days to 25 days.

Currently, the supply of domestic cylinders has been reduced by 50%, while demand has surged by an equal percentage. This imbalance has left many customers frustrated as they face extended wait times for their bookings.

Price Increases and Supply Challenges

In addition to the delays, the price of a standard 14.2 kg LPG gas cylinder in Delhi has risen to ₹913, reflecting an increase of ₹60. The rising costs are compounded by the fact that 60% of India’s LPG needs are met through imports, which are currently delayed due to geopolitical tensions.

Despite prioritizing domestic production, the supply chain remains strained. A distributor in Bengaluru noted that their vendor invoice management system is also down, further complicating the situation.

Consumers have expressed their frustrations, with one individual from Madipakkam stating that the IVR system kept repeating its message, leaving them unable to book their cylinders. An employee at an Indane distribution center reported that people were anxious and crowded the office with their empty cylinders in hopes of obtaining new ones.

As the situation develops, the full extent of the impact on the Indian oil gas booking system remains uncertain. Details remain unconfirmed regarding how long these disruptions will last and what further measures may be implemented to alleviate the crisis.

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The price of a 14.2 kg domestic LPG cylinder has reached ₹1,002.50 in Patna, marking a significant increase in the cost of cooking gas across India. In New Delhi, the price stands at ₹913.00, while in Mumbai, it is slightly lower at ₹912.50. Other major cities also reflect varying prices, with Kolkata at ₹939.00, Chennai at ₹928.50, and Bengaluru at ₹915.50.

In addition to domestic LPG prices, commercial gas prices are also notable. The cost of a 19 kg commercial LPG cylinder in New Delhi is ₹1,884.50, whereas in Kolkata, it has risen to ₹1,988.50. These figures illustrate the broader trend of increasing energy costs that consumers are currently facing.

India relies heavily on imports to meet its cooking gas needs, with nearly 60% of its total LPG demand sourced from overseas. This dependency on foreign supply chains has made the country vulnerable to fluctuations in global oil prices and geopolitical tensions, which could further impact cylinder prices in the future.

As the prices vary significantly from city to city, consumers are feeling the pinch. For instance, Hyderabad has the highest domestic LPG price at ₹965.00, while Noida offers the lowest at ₹910.50. The disparity in pricing across regions raises questions about the underlying factors influencing these costs.

Details remain unconfirmed regarding the exact impact of geopolitical tensions on future LPG prices. Observers are closely monitoring the situation, as the duration of the current LPG supply shortage remains uncertain. This uncertainty adds to the challenges faced by consumers and businesses alike.

As the government continues to navigate these challenges, it remains to be seen how pricing strategies will evolve in response to both domestic and international pressures. The current trends suggest that consumers may need to brace for continued fluctuations in cylinder prices.

In summary, the cylinder price landscape in India is marked by significant regional variations and a reliance on imports that complicates the situation. With ongoing geopolitical concerns and supply chain issues, the future of LPG pricing remains a critical area for both consumers and policymakers.

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The price of a 14.2 kg domestic LPG cylinder has reached ₹913.00 in New Delhi, while in Mumbai, it stands at ₹912.50. These figures reflect the ongoing fluctuations in gas prices across India, with notable differences observed in various regions.

In Kolkata, the price of a 14.2 kg domestic LPG cylinder is ₹939.00, whereas in Chennai, it is slightly lower at ₹928.50. Bengaluru residents are paying ₹915.50 for the same cylinder, while Hyderabad sees the highest price at ₹965.00. Chandigarh and Gurugram report prices of ₹922.50 and ₹921.50, respectively, and Noida has the lowest at ₹910.50. However, Patna records the highest price for a domestic cylinder at ₹1,002.50.

Commercial LPG Cylinder Prices

The commercial sector is also experiencing price changes, with the cost of a 19 kg commercial LPG cylinder in New Delhi priced at ₹1,884.50. In Kolkata, the price is slightly higher at ₹1,988.50. These prices are indicative of the broader trends affecting both domestic and commercial gas markets in India.

India relies heavily on imports to meet its cooking gas needs, with nearly 60% of its total LPG demand sourced from overseas. This dependency on foreign supply chains has made the country vulnerable to global market fluctuations and geopolitical tensions, which can significantly impact LPG prices.

As the government continues to monitor the situation, observers are keenly watching for any changes in policy or pricing strategies that could affect future cylinder prices. Details remain unconfirmed regarding the exact impact of geopolitical tensions on future LPG prices, as well as the duration of the current LPG supply shortage.

With these dynamics at play, consumers across India are advised to stay informed about potential price changes and to consider the implications of these fluctuations on their household budgets. The ongoing situation underscores the importance of energy security and the need for sustainable solutions in the LPG sector.

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As the Iran-Israel war continues to unfold, significant disruptions in oil supply have been reported, particularly through the crucial Strait of Hormuz. This situation has led to a volatile environment for global gas prices.

On March 10, 2026, crude oil prices experienced a sharp decline, with Brent crude prices plunging 17 percent to below $80 a barrel before rebounding to near $90. This volatility reflects the market’s response to perceived risks associated with the ongoing conflict.

Impact on Gas Prices

In the United States, petroleum prices have risen approximately 17 percent since the start of the war, indicating a direct correlation between the conflict and rising energy costs. The International Energy Agency is now considering the largest release of oil reserves in its history to stabilize the market.

In India, the war has raised fears of a serious liquefied petroleum gas (LPG) crisis. The country, which relies heavily on imports for its LPG needs—90 percent of its consumption—is facing a potential supply gap of 2 million tonnes.

Government Response in India

To address the situation, the Indian government has invoked the Essential Commodities Act to ensure equitable distribution of LPG. The Centre is securing 1 million tonnes of LPG from the United States to mitigate shortages.

Restaurants in major cities like Chennai, Mumbai, and Bengaluru are at risk of shutting down due to LPG shortages, with the National Restaurant Association of India highlighting the discrepancy between government assurances and ground realities. “As per articles [in the media], the government has clarified that there is no ban on the supply of commercial LPG cylinders for the restaurant industry… but the ground situation is different,” the association stated.

Current State and Future Uncertainties

Currently, the market is grappling with the implications of the ongoing conflict. M.K. Stalin, a prominent political figure, emphasized the need for the Union government to ensure that the LPG cylinder shortage does not adversely affect public and commercial sectors in Tamil Nadu.

Details remain unconfirmed regarding the exact duration of the war and its long-term impact on oil prices. The effectiveness of government measures to address the LPG shortage also remains uncertain, leaving many in the industry anxious about the future.

As Chad Norville noted, “What we saw this week was the market briefly treating that risk as real and repricing supply disruption in earnest.” The situation continues to evolve, with stakeholders closely monitoring developments in the region.

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