India LPG consumption slides 13% amid West Asia conflict

India experienced a 13% decline in LPG consumption in March, primarily due to supply disruptions caused by the West Asia conflict. This downturn significantly impacted commercial and bulk sales, despite governmental initiatives to enhance domestic production and meet household demand. However, the fiscal year ending March 2026 still registered an overall 6% increase in LPG consumption, indicating stronger performance in other months.

India witnessed a notable 13% reduction in its LPG consumption during March, a decline primarily attributed to widespread supply chain disruptions stemming from the ongoing conflict in West Asia. This geopolitical instability has had a direct impact on India's energy sector, affecting the availability and flow of LPG. The repercussions of these disruptions were particularly evident in commercial and bulk sales, which experienced significant drops. Despite the Indian government's concerted efforts to bolster domestic LPG production and ensure the fulfillment of household demand, these measures proved insufficient to counteract the severe impact of the international supply constraints during that specific month. The dip in March highlights the vulnerability of India's energy supply to global events. However, offering a broader perspective, the overall LPG consumption for the entire fiscal year concluding in March 2026 still recorded a robust 6% increase. This annual growth suggests that while the March slump was significant and potentially disruptive for specific sectors, it might have been offset by stronger consumption trends in other months or by underlying long-term growth in demand, indicating a resilient, albeit occasionally volatile, market for liquefied petroleum gas in India.