Overview
- State-run oil marketers had accumulated more than ₹59,000 crore in under-recoveries on domestic LPG sales as of 31 July, the government told Parliament.
- The implicit loss per 14.2 kg household LPG cylinder fell to about ₹188 in August from roughly ₹500 in July, according to minister Suresh Gopi.
- New Delhi has paid large compensations to OMCs and budgeted further support for FY2025-26 and FY2026-27 to prevent retail price pass-through to households.
- Retail petrol and diesel prices in major Indian cities were held unchanged on August 10–11 even as Brent and WTI rose on uncertain Iran–Oman talks over the Strait of Hormuz.
- The crisis has pushed a shift toward piped natural gas for households and prompted plans to source up to 25% of LPG imports from the United States by 2027, a move that could ease supply risk but raise costs and fiscal pressure.