Indian refiners target cheaper US LPG imports with help from China tariffs

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Indian refiners target cheaper US LPG imports with help from China tariffs - Business Standard

Quick Summary:

Indian Oil secured a cargo of US LPG recently at a discount of around $15 per tonne compared to what it would pay for West Asian supplies, a trader said.

India imported around 20.8 million tonnes of LPG, around 66 per cent of its needs, in 2024-25, according to oil ministry data.

Indian Oil, Gail India, Hindustan Petroleum, and Bharat Petroleum have together tied up around 10 million tonnes LNG on a cumulative basis over five years, company officials said.