Gas Price Update: March 2026
What is driving the recent surge in gas prices in India?
The ongoing crisis in the Middle East has raised critical questions about the stability of gas prices in India. As of March 11, 2026, the price of a 14.2 kg non-subsidised LPG cylinder in Delhi has reached ₹913.00, reflecting a ₹60 increase from the previous week.
India imports around 60 percent of its total LPG demand, primarily from the Middle East, making it particularly vulnerable to international supply disruptions. The recent hike in domestic LPG prices is a direct consequence of these shortages, which have been exacerbated by geopolitical tensions.
On March 7, domestic LPG prices were raised by ₹60 across various cities, a move that has sparked concerns among consumers. The situation is further complicated by the fact that Qatar has halted LNG production due to the conflict in West Asia, which has tightened global gas supplies.
Adani Total Gas Limited has seen its shares jump by 13.08 percent, attributed to a price hike for industrial clients amid these supply issues. The rise in gas-related stocks, including Gujarat Gas, has been notable, with some stocks rallying by as much as 15% in response to the market’s reaction to the crisis.
Disruptions in shipments through the Strait of Hormuz—a key global energy transit corridor—have heightened security risks for tanker movements, further straining supply chains. This has led to a significant increase in European natural gas prices, which surged nearly 40% last week following Qatar Energy’s production halt.
Experts note that India relies heavily on imports to meet its cooking gas needs, with nearly 60% of its total LPG demand sourced from overseas. The conflict in the Middle East is starting to have a tangible impact on India’s energy market, particularly concerning natural gas and LPG supplies.
As the situation evolves, consumers and businesses alike are left to navigate the implications of these rising gas prices. The long-term effects on the Indian economy and energy market remain to be seen, as uncertainties linger regarding the resolution of the Middle East crisis.
Details remain unconfirmed regarding the full extent of the impact on future gas prices and supply stability. Stakeholders are closely monitoring developments to assess the potential for further price increases or supply shortages in the coming weeks.
