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Commodity Market, Commodities News Today | The HinduBusinessLine

Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place
No LPG shortage in country, vessels continuously coming t...
2026-04-09 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Neeraj Mittal, Secretary, Ministry of Petroleum and Natural Gas

Neeraj Mittal, Secretary, Ministry of Petroleum and Natural Gas | Photo Credit: BIJOY GHOSH

Neeraj Mittal, Secretary, Ministry of Petroleum and Natural Gas, on Thursday said that the LPG supply situation in the country remains normal, with vessels continuing to arrive via the Strait of Hormuz despite recent geopolitical tensions.

Speaking with the media, Mittal said there is no shortage of LPG in the country, and domestic supplies are fully stable.

"I don't see any problem anywhere. All domestic supplies are at 100 per cent," he said, adding that around 70 per cent of packed LPG has already been issued.

He further noted that there could be minor local supply chain issues, but those are routine and handled on a daily basis.

On the movement of vessels, Mittal said shipments have continued without disruption.

"Ships have been continuously coming even when there was a blockage. It takes its normal travel time. We are not talking about any delay in crossing the Strait," he said.

He added that the government is closely monitoring the situation on a daily basis and will take necessary decisions if required.

"The government is reviewing this on a daily basis. If any change has to be made, it will be done," he said.

Mittal, addressing the conference on energy security and India's growing gas demand, also highlighted that the recent West Asia crisis has shown the importance of planning for adverse situations and strengthening energy security.

He noted that about 90 per cent of India's crude imports pass through the Strait of Hormuz, making it a critical route for the country's energy needs.

He added that India sources crude oil from 41 countries, natural gas from 30 countries, and LPG from 13 countries, and these factors must be considered while framing future energy security policies.

"The government is committed to ensuring that gas is available to all entities, and we are also focusing on diversification so that such crises do not impact supplies," he said.

Meanwhile, the Petroleum and Natural Gas Regulatory Board (PNGRB), in association with Indraprastha Gas Limited (IGL), on Thursday organised a two-day conference on energy security and India's growing gas demand.

The conference focused on the role of natural gas in India's energy mix, the need for infrastructure investment, and the importance of regulatory frameworks in ensuring long-term energy security.

The event also aimed to address key challenges and promote innovation in the gas sector as India looks to strengthen its energy resilience amid global uncertainties.

Published on April 9, 2026