The vessels, carrying large quantities of cooking gas for India, cleared the crucial shipping route amid the ongoing West Asia conflict after diplomatic outreach between New Delhi and Tehran secured safe passage.
Black-market cylinder prices surge to nearly ₹3,000, food stalls close and gig workers lose income as war-linked supply fears trigger panic across cities.
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Amid concerns over cooking gas availability due to the escalating West Asia conflict, the government has said India’s crude oil supplies remain secure and LPG distribution is being prioritised for households and essential services.
As disruptions in global energy supply squeeze LPG availability in India, households and restaurants are increasingly exploring induction cooktops as a backup cooking option, raising questions about whether electricity-based cooking could be cheaper and more reliable.
Prime Minister Narendra Modi held a high-level meeting with Petroleum Minister Hardeep Singh Puri and External Affairs Minister S. Jaishankar to assess LPG supply concerns in India after the Iran conflict disrupted energy shipments through the Strait of Hormuz.
The Union Cabinet has relaxed foreign direct investment rules for neighbouring countries, including China, by amending the 2020 policy that required government approval for such investments, aiming to boost capital inflows while maintaining safeguards in sensitive sectors.
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