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ISLAMABAD: India is facing a supply shortfall of about 400,000 barrels of liquefied petroleum gas per day, as the Middle East conflict severely disrupts imports through the Strait of Hormuz, according to data from energy analytics firm Kpler. A report by Nikkei Asia, a Japan-based financial newspaper, was cited by India&rsquo;s The Wire, saying that the country&rsquo;s domestic production is &quot;unable to make up for the fall in imports caused by the Iran war.&quot; Kpler data cited by Nikkei Asia showed that India imported only 377,620 barrels of LPG per day in April, less than half the 851,870 barrels per day imported in February before the regional conflict intensified. Although India increased domestic production, output rose by only 75,000 barrels per day, far below the scale needed to offset import losses, the newspaper said. Speaking to Nikkei, Kpler&rsquo;s lead analyst for refining and supply, Sumit Ritolia, said India&rsquo;s domestic LPG production &quot;had already peaked and could not increase much further.&quot; &quot;The supply gap might persist for as long as imports don&rsquo;t fully resume,&quot; Ritolia said. According to India&rsquo;s Petroleum Planning and Analysis Cell, in FY 2025-26, the country imported around 60% of its LPG requirements. Nearly 80% of those imports pass through the Strait of Hormuz from Gulf suppliers, including the UAE, Qatar, Kuwait, and Saudi Arabia, according to Nikkei. According to the report, LPG imports from those four countries fell to 173,000 barrels per day in April, down about 75% compared to February levels. Indian Petroleum Minister Hardeep Singh Puri recently said at the Confederation of Indian Industry Annual Business Summit that there was &quot;no crisis,&quot; claiming India possessed enough LPG stocks to last 45 days, while crude oil and natural gas reserves could last 69 days. India has attempted to &quot;diversify&quot; LPG imports by sourcing supplies from Iran, Argentina, Australia, and Chile, The Wire said. However, it added that the combined shipments from those countries totaled only 43,000 barrels per day last month, far below the 678,000 barrels per day previously supplied by its main West Asian partners.

File: A staff worker fills petrol in a scooter at a fuel station in Ahmedabad on May 15, 2026. (AFP)

India

Data cited by Nikkei Asia shows that India imported only 377,620 barrels of LPG per day in April, less than half the 851,870 barrels per day imported in February, before the Middle East conflict intensified.

India records LPG supply gap of 400,000 barrels per day: Kpler data 

ISLAMABAD: Oil prices held steady Monday as markets weighed the impact of Ukrainian drone attacks on Russian refineries against expectations for U.S. fuel demand and a possible Federal Reserve rate cut this week. Brent crude rose 3 cents to $67.02 a barrel, while U.S. West Texas Intermediate gained 8 cents to $62.77 by 12:09 a.m. GMT, the global standard for coordination. Ukraine strikes Russian infrastructureBoth benchmarks rose more than 1% last week after Ukraine struck key Russian energy infrastructure, including the Primorsk terminal and the Kirishi refinery. Primorsk, Russia&rsquo;s largest oil port in the west, can load about 1 million barrels per day, Reuters reported.&nbsp; The Kirishi refinery processes roughly 355,000 barrels per day, equal to 6.4 percent of Russia&rsquo;s refining capacity. Analysts at JPMorgan said the attacks signaled &ldquo;a growing willingness to disrupt international oil markets,&rdquo; which could put upward pressure on prices. In Russia&rsquo;s Bashkortostan region, local officials said production would continue despite a weekend drone strike.&nbsp; Impending US sanctionsThe pressure grew as U.S. President Donald Trump warned Sunday he was ready to impose tougher sanctions on Russia and urged European nations to match U.S. measures. &ldquo;Europe is buying oil from Russia. I don&rsquo;t want them to buy oil,&rdquo; Trump told reporters. He added that &ldquo;the sanctions they are putting on are not tough enough, and I am willing to do sanctions, but they are going to have to toughen up their sanctions commensurate with what I am doing.&rdquo; Federal reserve policy meetingInvestors are also watching U.S., China and rising inflation have raised concerns about economic momentum ahead of the Federal Reserve&rsquo;s policy meeting on September 16-17, where markets expect a possible interest rate cut to support growth, Reuters reported. The recent developments highlight how geopolitical tensions in Eastern Europe, trade negotiations in Europe, and monetary policy in the United States are converging to shape the global oil market outlook.

Business

Oil prices held steady Monday as markets weighed the impact of Ukrainian drone attacks on Russian refineries against expectations for U.S. fuel demand and a possible Federal Reserve rate cut this week.

Articles tagged with "Crisis"

India records LPG supply gap of 400,000 barrels per day: Kpler data

Oil prices edge higher after attack on Russian energy infrastructure

India records LPG supply gap of 400,000 barrels per day: Kpler data