The military conflict involving Iran has triggered a dramatic restructuring of the global liquefied petroleum gas (LPG) market. Critical shipping disruptions along the Strait of Hormuz—the vital transit corridor for West Asian energy exports—have forced major Asian economies to secure alternative cooking gas and industrial fuel supplies. The United States has emerged as the principal beneficiary of this trade shift, as American LPG shipments surge toward energy-hungry markets in India and China to fill the supply gap created by Middle Eastern geopolitical turmoil.

Iran war reshapes global LPG trade

Global supply chains face heightened risk after QatarEnergy halted LNG production amid escalating regional conflict, removing about 20% of worldwide LNG exports and contributing to shipping disruptions. Rising insurance costs and blocked transit routes through the Strait of Hormuz further threaten energy and goods movement, intensifying global market uncertainty.

LPG Crisis: India Faces Cooking Gas Cylinders Shortage 

The price of the commercial LPG gas cylinders has been reduced by Rs 7 ($0.081) by the oil marketing companies ahead of the Union Budget 2025-26, effective from Saturday (Feb 1).
The revised prices apply to the 19 kg commercial LPG cylinder, which is mostly used in hotels, restaurants, and other businesses.
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<h2 dir="ltr">How much have the prices decreased?</h2>
The price of a 19 kg commercial LPG cylinder in Delhi has decreased by Rs 7 ($0.081), bringing the new retail price to Rs 1,797 ($20.73). This reduction is likely to bring some relief to businesses that depend on LPG for their operations.
In Kolkata, the price of this LPG cylinder has decreased from Rs 1,911 ($22.04) to Rs 1,907 ($22.00). In Mumbai, the commercial LPG cylinder is now available for Rs 1,749.50 ($20.18), down from Rs 1,756 ($20.25). In Chennai, the price of the LPG cylinder is Rs 1,959.50 ($22.60) from today.
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<h2 dir="ltr">No change in the price of cooking gas</h2>
The prices of domestic LPG cylinders (14 kg) for household use remain unchanged. The current prices in major cities are: Delhi Rs 803 ($9.26), Lucknow Rs 840.50 ($9.69), Mumbai Rs 802.50 ($9.26), Chennai Rs 818.50 ($9.44), and Kolkata Rs 829 ($9.56).
Oil companies regularly revise LPG prices based on changes in global crude oil rates and other factors.
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In December, the oil companies increased the rates of 19 kg commercial LPG cylinders by Rs 62 ($0.72). These price adjustments are expected to impact commercial establishments and small businesses that rely heavily on LPG for their operations.
The revision comes as part of a broader trend in fuel price adjustments in response to changing global market conditions, seen in recent days due to volatile international order.
(With inputs from agencies)
&nbsp;

India News: Effective February, businesses will benefit from a reduction in commercial LPG cylinder prices, providing some relief before the Union Budget announcement.

The price of the commercial LPG gas cylinders has been reduced by Rs 7 ($0.081) by the oil marketing companies ahead of the Union Budget 2025-26, effective from Saturday (Feb 1). The revised prices apply to the 19 kg commercial LPG cylinder, which is mostly used in hotels, restaurants, and other businesses. Also read | India Union Budget 2025-26 LIVE | Union Cabinet approves Budget 2025 How much have the prices decreased? The price of a 19 kg commercial LPG cylinder in Delhi has decreased by Rs 7 ($0.081), bringing the new retail price to Rs 1,797 ($20.73). This reduction is likely to bring some relief to businesses that depend on LPG for their operations. In Kolkata, the price of this LPG cylinder has decreased from Rs 1,911 ($22.04) to Rs 1,907 ($22.00). In Mumbai, the commercial LPG cylinder is now available for Rs 1,749.50 ($20.18), down from Rs 1,756 ($20.25). In Chennai, the price of the LPG cylinder is Rs 1,959.50 ($22.60) from today. Also read | Budget 2025: FM Nirmala Sitharaman pays tribute to Madhubani art, dons elegant off-white saree No change in the price of cooking gas The prices of domestic LPG cylinders (14 kg) for household use remain unchanged. The current prices in major cities are: Delhi Rs 803 ($9.26), Lucknow Rs 840.50 ($9.69), Mumbai Rs 802.50 ($9.26), Chennai Rs 818.50 ($9.44), and Kolkata Rs 829 ($9.56). Oil companies regularly revise LPG prices based on changes in global crude oil rates and other factors. Also read | Delhi Elections 2025: Arvind Kejriwal urges BJP supporters to vote for AAP In December, the oil companies increased the rates of 19 kg commercial LPG cylinders by Rs 62 ($0.72). These price adjustments are expected to impact commercial establishments and small businesses that rely heavily on LPG for their operations. The revision comes as part of a broader trend in fuel price adjustments in response to changing global market conditions, seen in recent days due to volatile international order. (With inputs from agencies)

India: Price of commercial LPG gas cylinders reduced by Rs 7

Non-subsidised LPG or market-priced cooking gas prices were cut by a record Rs 162.50 per cylinder on Friday, in line with the slump in benchmark international rates.

This is the third straight monthly reduction in rates of non-subsidised LPG, which users who have given up subsidy buy. Also, this is the gas that domestic household consumers buy after exhausting their quota of 12 cylinders of 14.2 kg each at subsidised prices.

The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing.

Benchmark Brent crude oil last month dropped to a two-decade low of USD 15.98 a barrel but has rebounded since to USD 26.43 a barrel on Friday.

Non-subsidised LPG now costs Rs 581.50 per 14.2-kg cylinder in Delhi, down from Rs 744 till Thursday, according to a price notification issued by state-owned oil firms.

This is the steepest reduction in non-subsidised cooking gas prices ever. It beats Rs 150.5 per cylinder cut effected in January 2019.

Also, this is the third straight monthly reduction in price on the back of falling international rates. The cut comes on the back of Rs 61.50 per cylinder reduction in April and Rs 53 cut in March.

In three reductions, the price of non-subsidised cooking gas has been cut by Rs 277 per 14.2-kg cylinder. It more than negates the massive Rs 144.5 per cylinder hike in rates introduced in February.

State-owned oil marketing companies revise the price of cooking gas on the first day of every month based on average of benchmark fuel in the international market and foreign exchange rate.

Cooking gas is available only at market price across the country. Eligible users, however, get a subsidy in their bank accounts for buying LPG cylinders at below-market rates.

In Mumbai, the non-subsidised cooking gas price was reduced to Rs 579 per cylinder from Rs 714.50.

Domestic LPG users are entitled to buy 12 bottles of 14.2 kg each at subsidised rates in a year.

The price of 19-kg LPG cylinders, used by commercial establishment, has been cut to Rs 1,029.50 from Rs 1,285, the notification said.

Non-subsidised LPG or market-priced cooking gas prices were cut by a record Rs 162.50 per cylinder on Friday, in line with the slump in benchmark international rates.

Non-subsidised LPG or market-priced cooking gas prices were cut by a record Rs 162.50 per cylinder on Friday, in line with the slump in benchmark international rates. This is the third straight monthly reduction in rates of non-subsidised LPG, which users who have given up subsidy buy. Also, this is the gas that domestic household consumers buy after exhausting their quota of 12 cylinders of 14.2 kg each at subsidised prices. The outbreak of coronavirus and the lockdowns imposed by nations to curb its spread has evaporated demand for oil, sending international oil prices crashing. Benchmark Brent crude oil last month dropped to a two-decade low of USD 15.98 a barrel but has rebounded since to USD 26.43 a barrel on Friday. Non-subsidised LPG now costs Rs 581.50 per 14.2-kg cylinder in Delhi, down from Rs 744 till Thursday, according to a price notification issued by state-owned oil firms. This is the steepest reduction in non-subsidised cooking gas prices ever. It beats Rs 150.5 per cylinder cut effected in January 2019. Also, this is the third straight monthly reduction in price on the back of falling international rates. The cut comes on the back of Rs 61.50 per cylinder reduction in April and Rs 53 cut in March. In three reductions, the price of non-subsidised cooking gas has been cut by Rs 277 per 14.2-kg cylinder. It more than negates the massive Rs 144.5 per cylinder hike in rates introduced in February. State-owned oil marketing companies revise the price of cooking gas on the first day of every month based on average of benchmark fuel in the international market and foreign exchange rate. Cooking gas is available only at market price across the country. Eligible users, however, get a subsidy in their bank accounts for buying LPG cylinders at below-market rates. In Mumbai, the non-subsidised cooking gas price was reduced to Rs 579 per cylinder from Rs 714.50. Domestic LPG users are entitled to buy 12 bottles of 14.2 kg each at subsidised rates in a year. The price of 19-kg LPG cylinders, used by commercial establishment, has been cut to Rs 1,029.50 from Rs 1,285, the notification said.

Non-subsidised cooking gas price cut by a record Rs 162.50 per cylinder

Australian police&nbsp;said a Somali man who stabbed three people in the city of Melbourne on Friday drove a car laden with gas cylinders which caught fire and that they are treating the attack as terrorism.

<a href="http://www.wionews.com/world/one-person-killed-in-melbourne-stabbing-police-rules-out-terrorism-link-176369">The man stabbed three people, killing one</a> before he was shot by police. He later died in hospital, Victoria Police Commissioner Graham Ashton told reporters.

"We don't believe there is an ongoing threat at this stage, but certainly we are treating it as a terrorism incident," Ashton said. He declined to identify the attacker, but said he was Somali with "family associations that are well known to us".

The counter-terrorism command has taken a lead role in the investigation.
<img alt="car" data-align="center" data-entity-type="file" data-entity-uuid="af243b3b-04c9-4862-a28d-5f2b007bae7a" src="/sites/default/files/inline-images/Car-bomb.JPG" />
A burnt out vehicle is surrounded by police tape on Bourke Street in central Melbourne, Australia, November 9, 2018.

Ashton added that security arrangements at Remembrance Day memorials and other public events scheduled over the weekend will be reassessed and it was likely police numbers there boosted.

The street where the car caught fire was the scene in January 2017 of a fatal but not terror-related incident in which a man drove his car at pedestrians at high speed, killing six people and wounding about 30.

Australian police said a Somali man who stabbed three people in the city of Melbourne on Friday drove a car laden with gas cylinders which caught fire and that they are treating the attack as terrorism.

Australian police said a Somali man who stabbed three people in the city of Melbourne on Friday drove a car laden with gas cylinders which caught fire and that they are treating the attack as terrorism. The man stabbed three people, killing one before he was shot by police. He later died in hospital, Victoria Police Commissioner Graham Ashton told reporters. "We don't believe there is an ongoing threat at this stage, but certainly we are treating it as a terrorism incident," Ashton said. He declined to identify the attacker, but said he was Somali with "family associations that are well known to us". The counter-terrorism command has taken a lead role in the investigation. A burnt out vehicle is surrounded by police tape on Bourke Street in central Melbourne, Australia, November 9, 2018. Ashton added that security arrangements at Remembrance Day memorials and other public events scheduled over the weekend will be reassessed and it was likely police numbers there boosted. The street where the car caught fire was the scene in January 2017 of a fatal but not terror-related incident in which a man drove his car at pedestrians at high speed, killing six people and wounding about 30.

Melbourne terror attack: Stabber drove car loaded with gas cylinders, says police

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