Global Oil & Gas Shortage Impacts India; Domestic LPG Price Hike Sparks Political Row

New Delhi, March 12 India is witnessing the ripple effects of the ongoing global energy disruption as several countries face shortages of crude oil and natural gas. The tightening supply in international energy markets has begun to impact India as well, raising concerns over fuel availability and prices. Amid this situation, the recent increase of ₹60 in the price of domestic LPG cylinders has triggered strong reactions across the country. Opposition parties have sharply criticized the central government, alleging that the price hike is placing an additional burden on common citizens already struggling with rising living costs. However, government sources say the situation must be viewed in the context of volatile global energy markets and ongoing geopolitical tensions affecting fuel supply chains worldwide. Officials argue that the price revision reflects broader international economic realities rather than domestic policy decisions alone. Experts note that disruptions in global oil and gas supplies, combined with rising demand, have pushed energy prices upward, forcing many nations—including India—to adjust domestic fuel prices accordingly.