LPG shortages trigger inflationary spike in India as Middle East conflict persists

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Houthis strike Israel as conflict widens; 12 US soldiers injured in a Saudi strike Expert says the upcoming week will be a pivotal moment in the Iran war. Here’s why Leading broker sees gold falling to $3,700 as a real possibility U.S. tech pullback mirrors late stages of dotcom era, strategists say (South Africa Philippines Nigeria) LPG shortages trigger inflationary spike in India as Middle East conflict persists By Author Simon Mugo Economy Published 03/28/2026, 09:01 PM LPG shortages trigger inflationary spike in India as Middle East conflict persists 0 PAFO -1.78% Investing.com -- The month-long conflict in the Persian Gulf is driving an acute energy crisis across India, with the closure of the Strait of Hormuz triggering a severe shortage of Liquefied Petroleum Gas . Get premium news and insight, and deep research tools by upgrading to InvestingPro The disruption has moved rapidly from global shipping lanes to the local economy, forcing roadside vendors and small-scale eateries in New Delhi to abandon gas stoves for expensive kerosene, coal, or firewood alternatives. Only a handful of LPG vessels have reached Indian ports this month, covering just a few days of national demand, leading to a surge in the cost of basic food preparation, threatening the livelihoods of urban laborers. Industrial strain and household inflation The impact on India’s broader activity is becoming more pronounced as key industries grapple with fuel-related price hikes. In the capital, the price of a standard meal at roadside stalls has jumped 25% in a single month, while the cost of black-market LPG cylinders has reportedly quadrupled for some low-income families. Inflationary pressure is most visible in the hospitality and catering sectors. Top palm oil buyers like Patanjali Foods Ltd. (NSE: PATANJALI) report a sharp decline in vegetable oil consumption as restaurants scrap fried snacks and families curtail wedding guest lists ...