LPG Sold for ₹1,500 on Black Market Amid Panic Buying Over Strait of Hormuz War Fears

Brief by Shorts91 Newsdesk / 04:30pm on 09 Mar 2026,Monday India

Panic buying of cooking gas cylinders has been reported in several parts of India as the war involving Iran raises fears of supply disruptions through the strategic Strait of Hormuz. Long queues were seen outside LPG agencies in cities such as Noida, while some consumers reported buying cylinders on the black market for up to ₹1,500. However, the government has denied any nationwide shortage and said the country has adequate reserves. Petroleum Minister Hardeep Singh Puri assured that supplies remain stable, attributing the rush to panic bookings and temporary booking restrictions introduced to prevent hoarding.

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