Gas cylinder shortage explained: Why LPG cylinder prices have increased and will there be any other hike if Iran-Israel conflict escalates?

LPG cylinder prices in India have surged due to the Iran-Israel conflict, disrupting global gas supplies. With 60% of India's LPG imported from the Middle East, domestic prices rose significantly on March 7, 2026. The government is increasing refinery production and prioritizing domestic and essential sector supplies to mitigate further hikes.