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Fuel surge could push restaurant menus up to 10% next week forcing more pricey dining and deliveries

Fuel surge could push restaurant menus up to 10% next week forcing more pricey dining and deliveries

Dining out and food deliveries are expected to get 5–10% costlier from next week as state oil firms raised petrol and diesel prices. Restaurant executives say the fuel hit lands on top of months of pressures including a commercial LPG price jump, LPG shortage, and labor shortages since the West Asia war began. Some chains will revise menu prices as early as next week, while others target June or July 1, with logistics costs also likely lifting delivery charges and shrinking discounts.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Modi in UAE Secures LPG and Expanded Strategic Oil Reserves MoU with ADNOC

Modi in UAE Secures LPG and Expanded Strategic Oil Reserves MoU with ADNOC

Prime Minister Narendra Modi’s UAE visit delivers two energy pacts aimed at strengthening India’s fuel safety net. India’s IOCL agreed with ADNOC for expanded, long-term LPG shipments, building on the UAE’s role as nearly 40% of total LPG supply. In parallel, ISPRL and ADNOC will expand underground strategic crude storage, extending their 2018 Mangaluru partnership. The deals come as Strait of Hormuz disruptions raise global oil pressure, and the UAE’s OPEC+ exit helps enable direct contracts.

Summarised by Beize from a story on Republic on 15 May 2026

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Energy minister Hardeep Puri denies Russian LNG and lockdown fears, citing large reserves and stable prices

Energy minister Hardeep Puri denies Russian LNG and lockdown fears, citing large reserves and stable prices

Petroleum and Natural Gas Minister Hardeep Singh Puri has dismissed reports about India rejecting Russian LNG and warned against “lockdown” rumours. Speaking at the CII Annual Business Summit, he said India has not raised fuel prices for four years and currently holds 60 days of crude oil, 60 days of LNG and 45 days of LPG. Responding to Reuters-linked claims, Puri said the country never imported Russian LNG or LPG from Russia, and that opposition-led panic is misleading.

Summarised by Beize from a story on Republic on 14 May 2026
US Iran war rumbles as two India bound LPG tankers slip through Strait of Hormuz

US Iran war rumbles as two India bound LPG tankers slip through Strait of Hormuz

Two LPG carriers bound for India successfully transited the Strait of Hormuz amid ongoing US-Iran restrictions and a stalled push for a ceasefire. Ship-tracking shows Symi appeared in the Gulf of Oman after going dark, while NV Sunshine followed after changing its indicated destination. Together with other recent crossings since Sunday, the total reached ten large energy ships. The flow continued even as some vessels remained near a US blockade line and one US-turned supertanker idled nearby.

Summarised by Beize from a story on The Economic Times on 14 May 2026
LPG ships slip past Strait of Hormuz as India prepares fresh gas supplies

LPG ships slip past Strait of Hormuz as India prepares fresh gas supplies

Two LPG carriers transporting cooking gas for India have crossed the Strait of Hormuz, despite recent tensions in the region. The move follows an attack on the dhow Haji Ali that sank, with 14 crew rescued by the Omani Coast Guard. Another carrier, SYMI, is set to arrive May 16, while NV SUNSHINE follows May 18.

Summarised by Beize from a story on The Economic Times on 14 May 2026
India keeps fuel flow steady as two LPG ships cross Hormuz in West Asia crisis

India keeps fuel flow steady as two LPG ships cross Hormuz in West Asia crisis

Two LPG cargo vessels carrying supplies for India have safely crossed the Strait of Hormuz and are expected to reach Indian ports in the coming days. The move comes amid an ongoing West Asia crisis, highlighting the Centre’s push to protect energy deliveries and keep fuel supply uninterrupted even as regional risks remain elevated.

Summarised by Beize from a story on Republic on 14 May 2026

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Indian Navy supports LPG tanker MV Sunshine as it crosses Strait of Hormuz safely

Indian Navy supports LPG tanker MV Sunshine as it crosses Strait of Hormuz safely

India-bound LPG tanker MV Sunshine is safely transiting the Strait of Hormuz with support from the Indian Navy and related agencies. Iran’s Deputy Foreign Minister said stability in the strait would improve safety and invited Indian efforts to ease regional tensions, citing strong India-Iran cultural links.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Modi UAE visit may unlock LPG and strategic oil reserves pacts that reshape India energy security

Modi UAE visit may unlock LPG and strategic oil reserves pacts that reshape India energy security

Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus on energy security, with sources pointing to likely agreements on Liquefied Petroleum Gas and Strategic Petroleum Reserves. The cooperation comes as the UAE moves on from OPEC+, and officials say the talks will also strengthen trade and investment while addressing priorities for the Indian diaspora.

Summarised by Beize from a story on The Economic Times on 13 May 2026
West Asia crisis not yet boosting inflation in India but fuel pass through could change everything

West Asia crisis not yet boosting inflation in India but fuel pass through could change everything

India’s retail inflation is holding steady despite West Asia tensions, with imported inflation easing slightly. However, the report warns the next phase may hinge on how quickly fuel prices pass through and how summer crops perform. LPG shortages have pushed up restaurant and accommodation costs, while softer gold and silver helped cool personal care inflation.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Manipur assures no fuel shortage as government warns against panic buying and black marketing

Manipur assures no fuel shortage as government warns against panic buying and black marketing

Manipur authorities have dismissed claims of shortages of LPG, petrol, and diesel, saying supply is adequate. The government is countering misinformation and urging residents not to panic buy or hoard. It also warned that black marketing and illegal sales will face strict action. Fuel pumps flouting directives may face legal consequences as enforcement ramps up.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Puri dismisses lockdown fears after Modi urges fuel conservation amid West Asia crisis

Puri dismisses lockdown fears after Modi urges fuel conservation amid West Asia crisis

Union Minister Hardeep Singh Puri played down concerns that Modi’s fuel conservation push could lead to lockdown-style restrictions. He said India’s energy picture remains stable, citing rising domestic LPG production and large existing oil and LPG reserves. The reassurance comes as West Asia tensions spur tighter attention on fuel usage and supply reliability.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Hardeep Puri Warns OMC Losses Could Stress Supply Despite No Fuel Shortage

Hardeep Puri Warns OMC Losses Could Stress Supply Despite No Fuel Shortage

Petroleum and Natural Gas Minister Hardeep Singh Puri told the CII Annual Business Summit India has no fuel shortage and said LPG production has been scaled up to 56,000 tonnes. Yet he cautioned that global pricing is squeezing oil companies’ profitability, warning of fiscal strain that could limit how long OMCs can carry losses.

Summarised by Beize from a story on Republic on 12 May 2026
No lockdown plans says Oil Minister Puri amid Modi call to save petrol and diesel

No lockdown plans says Oil Minister Puri amid Modi call to save petrol and diesel

Amid heightened tensions in West Asia and Prime Minister Modi’s appeal to conserve petrol and diesel, Oil Minister Hardeep Singh Puri dismissed any plans for a lockdown. He said LPG production has been boosted and urged people to cut fuel and foreign exchange spending—through practices like work from home and reducing costly travel and gold imports—while promoting self-reliance.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Fuel pricing lags behind crude jump pushing Q1 losses toward wiping out full year earnings

Fuel pricing lags behind crude jump pushing Q1 losses toward wiping out full year earnings

Even after crude oil prices jumped around 50%, petrol and diesel are still sold at rates last seen about two years ago, leaving fuel firms to absorb the gap. LPG prices were hiked in March by Rs 60 per cylinder, but remain below actual costs. Analysts warn the resulting Q1 fuel losses could erase expected fiscal-year earnings.

Summarised by Beize from a story on The Economic Times on 11 May 2026

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Petroleum Ministry assures enough fuel and LPG stocks while asking citizens to conserve energy now

Petroleum Ministry assures enough fuel and LPG stocks while asking citizens to conserve energy now

India’s Petroleum Ministry says fuel and LPG supplies are stable despite global disruptions, citing secure crude oil inventories and refineries operating at peak capacity. It reports no nationwide fuel shortages. Still, the government is urging households to cut energy use by using public transport, carpooling, and shifting toward electric vehicles to reduce costs and import dependence.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Iran Linked LPG Tanker Marshals Indian Cover as It Exits Hormuz Route

Iran Linked LPG Tanker Marshals Indian Cover as It Exits Hormuz Route

The LPG carrier Tara Gas, linked to prior Iranian cargoes, is transiting the Strait of Hormuz while declaring Indian crew and ownership. Fully laden and moving via a Tehran-approved route, it underscores how ships use declared identities and sanctioned pathways to navigate out of the Persian Gulf during heightened blockades and enforcement pressures.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Petrol Diesel Set to Jump ₹5 to ₹7 a Litre by May 15

Petrol Diesel Set to Jump ₹5 to ₹7 a Litre by May 15

Petrol and diesel prices may rise by ₹5 to ₹7 per litre nationwide by May 15, sources say. The expected increase follows a global crude oil price uptick and mounting pressure on domestic oil marketing companies to bring retail rates in line with international benchmarks. An LPG price revision could also be considered, adding to household cost concerns.

Summarised by Beize from a story on Republic on 8 May 2026
SMS alerts now ask households to surrender LPG if they already have PNG connection

SMS alerts now ask households to surrender LPG if they already have PNG connection

Households across India are reporting SMS alerts demanding they surrender LPG cylinders under the “One Household, One Gas Connection” policy. The move targets families with active PNG (piped natural gas) connections, aiming to curb black marketing and improve cooking-gas distribution. Consumers can verify their connection status online or by contacting customer care to understand next steps.

Summarised by Beize from a story on The Economic Times on 8 May 2026

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Thali prices jump in April as tomato oil and LPG surge hits home budgets

Thali prices jump in April as tomato oil and LPG surge hits home budgets

April thali costs increased about 2% year-on-year for both vegetarian and non-vegetarian meals, with higher tomato prices, vegetable oil, and LPG weighing on household spending. Onion and potato declines helped cushion the impact, but the non-veg segment also felt pressure as broiler prices rose around 2%.

Summarised by Beize from a story on The Economic Times on 8 May 2026
India oil firms post Rs 30000 crore losses but prices stay steady amid global energy shock

India oil firms post Rs 30000 crore losses but prices stay steady amid global energy shock

India’s state-run oil companies reportedly incurred losses of about Rs 30,000 crore, even as fuel and LPG prices were held steady during a global energy disruption. The move helped ensure uninterrupted supplies for consumers. Government excise duty cuts further cushioned the financial blow, setting India apart from countries where retail fuel prices jumped sharply.

Summarised by Beize from a story on The Economic Times on 8 May 2026
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