India’s LPG paradox: Rising use, surging imports – Can consumers & OMCs both win?

CareEdge Ratings stated that a combination of recent price hikes, a softening of international LPG procurement costs, increased US imports, and additional government support, including subsidy provisions, excise duty collections, and the recent hike in retail LPG price, is expected to ease financial pressure and restore profitability for OMCs in FY26.