India to unwind emergency fuel curbs once West Asia supply through Strait of Hormuz stabilises

India’s government said it will gradually roll back emergency fuel controls introduced during the West Asia supply crunch, including gas allocation priorities, cuts to commercial LPG supplies and longer refill intervals for household cylinders. The move hinges on expectations that shipping through the Strait of Hormuz will normalise and Middle East oil and gas exports will resume. India imports more than 88% of its oil, 60% of its LNG and about 50% of its natural gas, with roughly 40% of crude oil, 60% of LNG and 90% of LPG typically sourced from West Asia. If a peace agreement holds, a large return of Middle East supplies could create a short-term surplus.