India's energy markets face mounting pressure as geopolitical tensions drive LPG price volatility. Commercial cooking gas cylinders have surged significantly across major cities, with increases ranging from 193 to 220 rupees since March. Delhi's commercial LPG now costs 2,078.50 rupees per 19-kilogram cylinder, while domestic rates remain stable at 913 rupees. The US-Iran conflict continues disrupting global energy supplies, prompting panic buying across Indian states ahead of anticipated May rate changes. To cushion consumers, the government has slashed excise duty on petrol and diesel by 10 rupees per liter. Distribution regulations are tightening from May 1st, with new OTP-based delivery systems and stricter eKYC requirements taking effect to combat supply chain inefficiencies and prevent hoarding during this period of energy market uncertainty.
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