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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; 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West Asia Conflict: Oil Ministry points at softening LPG demand as summers kick-in
By Rishi Ranjan Kala · 2026-04-17 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Sujata Sharma, Joint Secretary, Ministry of Petroleum & Natural Gas

Sujata Sharma, Joint Secretary, Ministry of Petroleum & Natural Gas | Photo Credit: -

The Ministry of Petroleum & Natural Gas (MoPNG) on Friday pointed out that India’s liquefied petroleum gas (LPG) consumption is showing signs of softening as peak summers approach.

Generally, the consumption of LPG wanes in summers due to a decline in consumption of hot cooked meals as well as a fall in heating requirements.

LPG demand

Asked about LPG demand, Sujata Sharma, Joint Secretary in the MoPNG, at the inter-ministerial briefing on West Asia, said ““Summer, yes. LPG demand is expected to come down. Bookings declined and we are now witnessing booking in the range of 46-50 lakh, which was more than 50 lakh earlier.”

The West Asia conflict completely choked off roughly 54,000 tonnes per day (TPD) of India’s LPG imports in March, which a month later reduced to around 30,000 TPD as the government ramped up production and re-prioritised consumption.

In March, bookings surged to more than 88 lakh 14.2 kg LPG cylinders per day, from the normal of around 45-50 lakh bookings daily. For instance, daily bookings increased from an average 55.7 lakh to 76 lakh on March 12, 2026. Similarly, booking hit 88.8 lakh a day on March 13th.

Emphasising that India has diversified sources to import crude oil, the MoPNG reiterated that its top priority is to ensure the country’s energy security and refiners are doing their ​best ⁠to line-up oil cargoes to ‌meet local demand.

The Ministry emphasised that it is taking steps to ensure uninterrupted availability of petroleum products and LPG across the country, in the context of the ongoing situation involving the Strait of Hormuz (SoH).

On Iranian crude

Asked if India has been buying Iranian crude oil using Chinese yuan, Sharma said, “Meeting domestic demand is our utmost priority.” She, however, did not clarify any further.

On India continuing to purchase Russian crude oil even after the sanctions waiver ended on April 11, Sharma said that India buys crude oil from more than 40 sources, and refiners procurement depends on various factors such as grades, prices and logistics.

Despite the ongoing geopolitical situation, the government has ensured that 100 per cent supply is being made to domestic LPG domestic PNG and CNG (transport).

LPG supply continues to be affected by the prevailing geopolitical situation. However, no dry-outs have been reported at LPG distributorships. Since March 23, 2026, more than 16.41 lakh 5-kg Free Trade LPG cylinders have been sold.

A three-member committee of Executive Directors from IOCL, HPCL and BPCL is coordinating with State authorities and industry bodies to plan commercial LPG distribution in the States/UTs.

A total of 1,50,367 tonnes, which is equivalent to more than 79.14 Lakh of 19 Kg commercial LPG cylinders, have been sold since March 14, 2026. This includes more than 8,850 tonnes of Auto LPG.

The average auto LPG sale by PSU OMCs in April 2026 (till April 16) is around 296 tonnes per day (TPD) against the average of 177 TPD during February 2026.

Auto LPG sales were observed to have shifted from private to PSU OMCs. To meet the rising demand, the sale of auto LPG by the PSU OMCs has increased by 67 per cent. The major increase has been observed in the States like Karnataka, Tamil Nadu, Telangana, Rajasthan, West Bengal etc.

Published on April 17, 2026