India Considers US LPG Amid Iran War, Global Price Surge to Multi-Year High

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India Eyes US LPG Amid Iran War, Global Price Surge & Hormuz Risks

Puri stated that the government has been diversifying LPG sources to ensure reliability for Indian consumers. (Reuters)

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Firstpost•20-03-2026, 12:15

India Eyes US LPG Amid Iran War, Global Price Surge & Hormuz Risks

•India aggressively seeks alternative LPG supplies due to Strait of Hormuz risks and multi-year high global prices.
•Diversifying imports, increasing domestic refinery production, and safeguarding supplies are key government actions.
•India, heavily dependent on Gulf LPG (60% of consumption), encourages lower-priority users to shift to kerosene/coal.
•S&P Global Energy notes India's diplomatic engagement with Iran maintains some access through the Strait of Hormuz.
•India is increasingly looking to the United States for LPG, with a term tender for 2.2 million mt of US-origin LPG for 2026.

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