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Iran War's Effect on LPG Prices: Latest Cooking Gas Cylinder Rates Revealed
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Iran War Threatens Global Oil Supply: Commercial LPG Prices Rise, Domestic Stable
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News18
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01-03-2026, 05:41
Iran War Threatens Global Oil Supply: Commercial LPG Prices Rise, Domestic Stable
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Commercial LPG cylinder prices increased on March 1st, while domestic cylinder prices remained stable despite the Iran war.
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Iran's closure of the Strait of Hormuz, a key oil supply route, could lead to a 20% oil shortage globally.
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An oil shortage is expected to cause price hikes for petrol, diesel, and cooking gas worldwide due to decreased supply.
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India's 70-day oil reserves and diversified oil sources (Argentina, US) may mitigate immediate impact, but global prices will rise.
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Commercial 19 kg LPG cylinder prices increased by Rs. 28-35 in major cities like Delhi, Kolkata, Mumbai, and Chennai.
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