The impact of the ongoing tension in the Middle East and Iran’s war with Israel and America is becoming visible in India’s energy sector. Indian oil companies have increased the price of domestic gas cylinder by Rs 60 and the price of commercial cylinder by Rs 115 amid the global energy crisis.
As soon as the news of increase in the prices of gas cylinders came out, the sales of induction cookers, electric kettles and electric kitchen appliances suddenly seemed to be increasing rapidly across the country. There is no panic on the ground right now, but online and offline induction is definitely trending.
Effect visible in stock market also
As soon as the news of shortage of Liquefied Petroleum Gas (LPG) spread everywhere, the shares of companies manufacturing electric kitchen appliances also saw a sudden rise. On Tuesday (March 10, 2026), shares of kitchen appliance company Borosil rose by 13 percent.
Along with this, shares of Bajaj Electricals also rose by 7 percent. While shares of TTK Prestige and Hawkins Cooker also rose by 7 and 4.8 percent and shares of Butterfly Gandhimati Appliances registered a rise of 2 percent.
How much LPG is used every year in India?
According to the information, about 3.13 crore tonnes of Liquefied Petroleum Gas (LPG) is used every year in India. About 87 percent of this total figure is used in domestic kitchens.
The biggest matter of concern is that 62 percent of India’s total LPG requirement comes from imports and 85-90 percent of this import passes through the Strait of Hormuz. This route is currently closed due to the US-Iran war. LPG tankers coming from countries like Saudi Arabia used to reach India through this route.