Overview
- India increased household LPG by ₹60 per 14.2‑kg cylinder and commercial cylinders by about ₹115 effective March 7, taking Delhi’s domestic price to ₹913, with the ₹300 Ujjwala subsidy continuing for eligible households.
- New Delhi says petrol and diesel prices will not rise for now, citing sufficient stocks and more than 250 million barrels in reserves, expanded sourcing including a 30‑day U.S. waiver to buy Russian crude, and greater diversification away from the Strait of Hormuz.
- Pakistan raised kerosene by Rs130.08 per litre to Rs318.81 and lifted petrol and diesel by Rs55 to Rs321.17 and Rs335.86, shifted to weekly reviews, adjusted levies, warned against hoarding, and said three petrol cargoes are expected by Monday with stock monitoring stepped up.
- Oil spiked over the week with U.S. crude settling near $90.90 and Brent around $92.69 as Strait of Hormuz traffic slowed and some facilities were hit, with Kuwait announcing a precautionary output reduction and marine insurers scaling back cover.
- Officials highlighted LPG and LNG supply strain with Qatar’s force majeure on gas, though India reports improving LPG stocks and says Qatar has signalled supplies will resume once routes reopen.