West Asia War Reshapes Energy: India Eases LPG Crunch, Australia Cuts Fuel Tax, Japan Secures Crude
MMoneycontrol•30-03-2026, 08:50
West Asia War Reshapes Energy: India Eases LPG Crunch, Australia Cuts Fuel Tax, Japan Secures Crude
- •India sees relief from industrial disruptions as commercial LPG supplies improve and migrant workers return, aided by company provisions.
- •Centre raised commercial LPG allocation to 70% of pre-crisis levels after Gulf conflict and Iran's Strait of Hormuz near blockade impacted supply.
- •Government prioritized steel, automobiles, textiles, chemicals, and plastics; production normalizes as supply visibility extends.
- •Australia's PM Anthony Albanese announced a temporary fuel tax cut (26.3 cents/litre for 4 months) to ease household cost pressures.
- •Japan secured crude supplies, with a Saudi oil tanker arriving via a route bypassing the Strait of Hormuz, highlighting global oil logistics shifts.
