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LPG prices go up by ₹60 as Iran-US war sends ripples across the world

 Energy supply disruptions due to the war in West Asia have hit the common man as State-run oil marketing companies on Saturday raised cooking gas prices across the country by ₹60 per 14.2 kg cylinder, taking the price of domestic liquefied petroleum gas (LPG) cylinders in Delhi to ₹913 — the highest retail price since August 2023.. Photo for representation (AFP). According to industry executives, the current rate hike reflects a partial transmission of the impact caused by an energy supply crunch in West Asia after the war in the region disrupted tanker movement through the Strait of Hormuz. This triggered a surge in benchmark Brent crude prices to $94.64 a barrel in Friday’s session before settling at $93.32, a nearly 27% jump in just one week. Similarly, halting of liquefied natural gas (LNG) supplies from Qatar saw Asian spot LNG prices surging more than double from about $10 per metric million British thermal unit (mmBtu) to about $25 mmBtu.. Also read: Over 52,000 Indians returned home from crisis-hit Middle East since March 1, says MEA. People aware of the matter, requesting anonymity, said that State-run companies are unlikely to raise petrol and diesel prices immediately as they have significant cushion to shield the consumer from the price shock. HT on March 6 reported that State-run refiners’ combined net profit exceeded ₹57,810 crore in the first nine months of FY26, a 192% increase from the ₹19,768 crore they earned in the same period in FY25.. The firms, however, decided to raise kitchen fuel rates for Indian households –– the first hike in 11 months. Cooking gas price in India was last raised by ₹50 a cylinder to ₹853 per cylinder on April 8, 2025.. City-wise retail prices vary because of transportation costs and local levies. The cost of a cylinder jumped to ₹939 in Kolkata from ₹879 on Saturday. Similarly, it cost ₹912.50 a cylinder in Mumbai (from ₹852.50) and ₹928.50 in Chennai (from ₹868.50).. Price of 19 kg commercial LPG cylinders, used for industrial purposes, also jumped by ₹114.50 to ₹1,883 per cylinder in Delhi.. Also read: Delhi heads into summers with hottest March week in 50 yrs, mercury up in north India. Three state-run oil marketing companies (OMCs) –– Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) –– dominate the retail LPG sector in the country. Poor households will also pay a higher price for gas, but they will continue to get the ₹300 per cylinder subsidy under the Pradhan Mantri Ujjwala Yojana (PMUY). 

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Politics

Former Missouri House speaker sentenced to prison for COVID relief fraud

 JEFFERSON CITY, Mo., — A former Missouri House speaker was sentenced Monday to 21 months in prison after pleading guilty to wire fraud for misusing federal COVID-19 relief funds for his personal benefit.. Former Missouri House speaker sentenced to prison for COVID relief fraud. Former Republican House Speaker John Diehl received about $380,000 in federal loans for his law firm between 2020 and 2022 through a program intended to help cover operating expenses for businesses affected by the coronavirus pandemic.. But Diehl admitted in a September plea agreement that he instead used the money for personal expenses, including country club dues, swimming pool maintenance, his home mortgage and vehicle payments for a Tesla, Audi and Jeep. Prosecutors said he used more than half the money to fund his law firm’s defined benefit plan, of which he was the only participant, and also paid off a civil settlement related to his time as state House speaker.. Diehl resigned as House speaker in 2015 after The Kansas City Star reported that he had exchanged sexually suggestive text messages with a college student serving as a Capitol intern. At the time, Diehl acknowledged “making a serious error in judgment by sending the text messages.”. In 2023, the Missouri Ethics Commission imposed a roughly $47,000 fine on Diehl for campaign finance violations, including allegations that he used nearly $6,800 of campaign funds to pay for personal expenses.. Diehl had asked the federal court to spare him from prison, noting that he had already paid back all the pandemic relief funds to the Small Business Administration.. The U.S. attorney’s office had recommended a prison sentence of 21 to 27 months. In addition to prison time, the court on Monday ordered Diehl to pay a $50,000 fine.. “Through his education and public office, Defendant had every privilege and opportunity, and to put it bluntly, he knew better than to engage in the charged fraud scheme,” Assistant U.S. Attorney Hal Goldsmith said of Diehl in a court filing.. This article was generated from an automated news agency feed without modifications to text. 

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India calls for higher LPG production to prioritise domestic use amid West Asia tensions

 Amid the ongoing conflict in West Asia and developing oil crisis, India has called for an increase in production for LPG for domestic use. In a statement on Monday, the Ministry of Petroleum and Natural Gas (MoPNG), oil refineries have been ordered to increase production.. Government sources told news agency ANI that refineries have been ordered by the government to increase LPG output (Praful Gangurde / HT Photo). “In light of current geopolitical disruptions to fuel supply and constraints on supply of LPG, Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use,” the statement issued on X read.. Also Read | Crude oil spike triggers LPG panic in India; rules tweaked, people gather at outlets as West Asia war has global effect. “The ministry has prioritised domestic LPG supply to households and introduced 25 day inter- booking period to avoid hoarding/black marketing. Non domestic supplies from imported LPG is being prioritised to essential non domestic sectors such as Hospitals and Educational institutions,” the union ministry added further.. MoPNG further added that a committee of three EDs of OMCs has been constituted to review the production of LPG supply to restuarants, hotels and other non-domestic sectors. 

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Politics

India calls for higher LPG production to prioritise domestic use amid West Asia tensions

 Amid the ongoing conflict in West Asia and developing oil crisis, India has called for an increase in production for LPG for domestic use. In a statement on Monday, the Ministry of Petroleum and Natural Gas (MoPNG), oil refineries have been ordered to increase production.. Government sources told news agency ANI that refineries have been ordered by the government to increase LPG output (Praful Gangurde / HT Photo). “In light of current geopolitical disruptions to fuel supply and constraints on supply of LPG, Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use,” the statement issued on X read.. Also Read | Crude oil spike triggers LPG panic in India; rules tweaked, people gather at outlets as West Asia war has global effect. “The ministry has prioritised domestic LPG supply to households and introduced 25 day inter- booking period to avoid hoarding/black marketing. Non domestic supplies from imported LPG is being prioritised to essential non domestic sectors such as Hospitals and Educational institutions,” the union ministry added further.. MoPNG further added that a committee of three EDs of OMCs has been constituted to review the production of LPG supply to restuarants, hotels and other non-domestic sectors. 

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Politics

India calls for higher LPG production to prioritise domestic use amid West Asia tensions

 Amid the ongoing conflict in West Asia and developing oil crisis, India has called for an increase in production for LPG for domestic use. In a statement on Monday, the Ministry of Petroleum and Natural Gas (MoPNG), oil refineries have been ordered to increase production.. Government sources told news agency ANI that refineries have been ordered by the government to increase LPG output (Praful Gangurde / HT Photo). “In light of current geopolitical disruptions to fuel supply and constraints on supply of LPG, Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use,” the statement issued on X read.. Also Read | Crude oil spike triggers LPG panic in India; rules tweaked, people gather at outlets as West Asia war has global effect. “The ministry has prioritised domestic LPG supply to households and introduced 25 day inter- booking period to avoid hoarding/black marketing. Non domestic supplies from imported LPG is being prioritised to essential non domestic sectors such as Hospitals and Educational institutions,” the union ministry added further.. MoPNG further added that a committee of three EDs of OMCs has been constituted to review the production of LPG supply to restuarants, hotels and other non-domestic sectors. 

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Politics

PM Modi speaks to RSP chairman, Balendra Shah after massive victory in Nepal election

 Prime Minister Narendra Modi on Monday had a conversation with Nepal’s Rastriya Swatantra Party (RSP) chairman Rabi Lamichhane and Balendra Shah, who is poised to lead the next government in the Himalayan nation.. PM Modi on Monday spoke with Rastriya Swatantra Party (RSP) chairman Rabi Lamichhane and Balendra Shah. (PTI). In a social media post, PM Modi said he congratulated both leaders on their electoral victories and RSP’s resounding success in the Nepal elections.. “Had warm telephone conversations with Mr. Rabi Lamichhane, Chairman of the Rastriya Swatantra Party (RSP) and Mr. Balendra Shah, Senior Leader of the RSP,” Modi said in post on X.. He added that he conveyed India’s commitment to work with Nepal’s new government for the prosperity and well-being of both the nations.. “Congratulated both leaders on their electoral victories and RSP’s resounding success in the Nepal elections. Conveyed my best wishes for their forthcoming new Government and India’s commitment to work with them for mutual prosperity, progress and well-being of our two countries,” he wrote.. “I am confident that with our joint endeavours, India and Nepal relations will scale new heights in the years ahead,” he added.. Also read: What Balen Shah’s win in Nepal means for New Delhi. Modi’s conversation with the RSP leaders come days after Nepal held its general elections last week on Thursday, March 5 , after the country’s government was ousted as a result of widespread protests led by the youth of the country.. 35-year-old rapper-turned-politician Balendra Shah’s RSP emerged as the biggest winner with a landslide victory, pointing to Nepal’s shift from the traditional “old guard” parties.. The results of Nepal’s elections were reflective of its population’s frustration with issues such as political instability, corruption and youth unemployment.. In regards to India, the RSP has maintained that it intends to have strong relations with both its neighbours but aims to remain independent of any direct influence.. Balendra Shah also has a personal connection with India as he hails from Madhesi community and did his Masters in structural engineering from Karnataka. 

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