What is the current per-cylinder revenue loss Indian Oil faces on LPG sales, and how has it changed from April to May?

Indian Oil Corp's revenue loss on the sale of a 14.2-kg LPG cylinder widened to 617 rupees ($6.39) in May, up sharply from 171 rupees in April, according to its finance chief Anuj Jain; this surge is directly attributed to rising international LPG prices triggered by the Iran war and associated disruption in Middle Eastern supplies.

Why is Indian Oil diversifying its LPG sourcing, and what specific actions has it taken in response to supply disruptions?

Indian Oil is diversifying its LPG sourcing due to supply disruptions caused by the closure of the Strait of Hormuz following the U.S.-Israeli war with Iran, which has severely impacted LPG imports from the Middle East — the source of 90% of India’s imported LPG; in response, IOC has procured LNG from Oman, Nigeria, Angola, and Indonesia after major Middle Eastern suppliers declared force majeure, while also adjusting its refinery diet and operating refineries at full capacity to maintain energy security.

Indian Oil says revenue loss on LPG widens in May

May 19, 2026

Indian Oil Corp reported a widening LPG revenue loss of 617 rupees per cylinder in May due to Middle East supply disruptions. The company is diversifying sourcing and expanding refinery capacities to ensure energy security.

reuters

2026-04-30

Indian Oil Hikes Prices of Industrial LPG, Jet Fuel for Foreign Airlines

2026-05-01

India-Linked Tanker Laden With Cooking Fuel Attempts Hormuz Exit

2026-05-19

Indian Oil says revenue loss on LPG widens in May

2026-05-31

Indian Oil Raises Price of 19 kg LPG Cylinder for Industrial Clients

2026-06-06

Delhi Domestic LPG Prices Hike by ₹29 per Cylinder