US-Iran Conflict: Looming Threat of LPG, CNG Price Hikes in India

• Escalating Middle East conflict pushes international crude oil prices above $75 per barrel, alarming Indian energy companies.
• India, importing over 85% crude and 50% LNG, faces inevitable energy cost hikes if tensions persist.
• Experts warn of increased risks to price and supply, potentially leading to higher domestic LPG and CNG gas prices.
• Three major threats include sustained oil prices above $75, supply chain disruptions (Iran's 5% global supply), and risks to the Strait of Hormuz.
• Disruption in the Strait of Hormuz would reroute ships via the Cape of Good Hope, increasing time, freight, and insurance costs, impacting fuel prices and LNG availability.