India Diversifies LPG Imports Amid West Asia Tensions

India diversified LPG imports during the West Asia conflict, boosting supplies from the US, Iran and others. The shift ensured supply but raised costs and reduced demand. Consumption fell sharply after record highs, while prices surged globally. Limited domestic price hikes led to heavy under-recoveries, with OMCs incurring nearly ₹22,000 crore losses.