LPG Supply in India: Immediately after the US and Israeli attacks on Iran that began on February 28, Tehran had announced the blockade of the Strait of Hormuz. After this, after the failure of peace talks between the two countries mediated by Pakistan on April 13, America retaliated by taking action against Iran and imposed Hormuz blockade.

America’s motive behind doing this is to hurt Iran’s economy. US President Donald Trump has said that until Iran agrees not to make nuclear weapons and to open Hormuz completely free without any toll, the blockade of Hormuz by the US Armed Forces and their Central Command will continue.

What will happen if the blockade is lifted?

There is currently a 60-day ceasefire between America and Iran, which is expected to end in mid-July 2026. In the meantime, if peace talks are reached between the two, then there is every possibility of opening of Hormuz. With the lifting of the blockade on Hormuz, the shortage of gas in India will become completely normal because if the supply will be normal, then the prices of LPG in the global markets will come down. This will affect India also.

India imports more than 60% of its LPG requirement from Gulf countries like Qatar, Saudi Arabia and UAE, which comes to India through the Strait of Hormuz. With the lifting of the blockade, Indian refineries and bottling plants will get timely access to raw materials like propane and butane.

Will gas cylinder be cheaper?

Even when the prices of gas in the international market will reduce slightly after the lifting of the blockade, the oil companies (OMCs) will not immediately reduce the prices of gas cylinders because due to the war between America and Iran, the cost of LPG has increased significantly in the international market. To protect the general public from inflation, oil companies themselves are bearing the burden of this increased expenditure. For this reason, domestic LPG prices have been stable in the country for a long time.

However, due to this, the prices of commercial cylinders may fall by Rs 200-400 because due to the war, their prices have already crossed Rs 3000.

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