India’s OMCs log ₹22,000 crore in LPG underrecoveries in March–May 2026 amid West Asia crisis

India’s oil marketing companies recorded ₹22,000 crore in LPG underrecoveries in March–May 2026 as international prices rose amid the West Asia crisis while household price increases remained limited. The Saudi Aramco Contract Price rose 46% over four months, while the price of a 14.2kg domestic cylinder increased about 10% and a 19kg commercial cylinder climbed more than 79%. OMCs absorbed much of the cost to contain cooking fuel inflation, and India shifted import sourcing away from West Asia toward the US, which accounted for nearly one-third of volumes in April 2026.