Javier Blas on Why Oil Could Go Much, Much Higher

India, the world's second-largest LPG importer, is facing acute liquefied petroleum gas shortages—buyers were photographed queuing at a Noida depot on March 16, 2026. The shortfall risks upward pressure on domestic LPG prices, disruption to household cooking fuel and industrial processes, and may force higher imports or policy action to rebalance supply.

Analysis

India, the world's second-largest LPG importer, is facing acute liquefied petroleum gas shortages—buyers were photographed queuing at a Noida depot on March 16, 2026. The shortfall risks upward pressure on domestic LPG prices, disruption to household cooking fuel and industrial processes, and may force higher imports or policy action to rebalance supply.