By: Sehul Bhatt, Director, Crisil Intelligence
“The pact with the United States (US) for offtake of liquefied petroleum gas (LPG) will help diversify India’s LPG import basket, which has been skewed towards the Middle East (~92% in fiscal 2025). The envisaged volume of ~2.2 million tonne per annum (~10% of annual imports) also provides some support to the India-US trade balance amid the ongoing tariff-induced uncertainty, with energy emerging as a potential stabiliser in bilateral ties.”
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