The Strait of Hormuz was blocked due to the war between Iran and the US, which significantly affected the movement of oil and gas. This has had a significant impact on India. The Strait of Hormuz is still unresolved, blocking this movement. Meanwhile, India has found a new way to tackle the issue. India is now buying LPG gas from America.
India bought gas from America in 2026-27.
In fact, some government data regarding this has been released recently. According to this, in the first quarter of FY 2026-27, India’s imports of petroleum products, especially LPG, from the US increased by 254 percent year-on-year to $2.60 billion, while during the same period, crude oil imports from the same country fell by 57.5 percent to $1.57 billion.
Supply disruptions from the Gulf region were particularly affecting supplies
The surge in LPG imports took place between April and June, when the ongoing war in the Middle East was affecting energy supplies worldwide. Experts believe that supply disruptions from the Gulf region are particularly affecting supply. LPG, or cooking gas, is a mixture of propane and butane. Oil marketing companies often import these two components separately in liquid form.
Fluctuations in crude oil imports
According to the latest data, India’s crude oil imports from the United States declined to $1.57 billion in April-June 2026 from $3.70 billion in April-June 2025. Experts say that the fluctuation in crude oil imports is due to the business needs of Indian refineries. Meanwhile, imports of petroleum products, particularly liquid propane and butane, have increased from around $735 million in the first quarter of 2025-26 to $2.60 billion in the first quarter of this year.
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