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LPG Gas Cylinder Users Face Major Shock: More Hardships Ahead
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LPG Users Face Big Shock: Middle East Tensions Threaten Gas Prices, Economy
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News18
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21-03-2026, 10:11
LPG Users Face Big Shock: Middle East Tensions Threaten Gas Prices, Economy
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Middle East tensions and Iran's attacks escalate international concerns, impacting global oil and gas supply.
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While LPG cooking gas supply is stable for India, natural gas prices and supply are a major concern.
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Expert warns of drastic gas price hikes and crude oil reaching $130/barrel if war-like atmosphere continues.
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India imports 50-55% of LPG; current reserves and increased production assure no immediate cooking gas shortage.
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Prolonged turmoil could lead to inflation, rising essential commodity prices, and GDP growth falling below 7%.
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