Indian Oil Corp. has purchased liquefied petroleum gas (LPG) from Iran for the
first time since 2018, as India seeks to ease shortages of cooking fuel amid
disruption from the Middle East conflict. The cargo of about 43,000 tons of
butane and propane will be shared with Bharat Petroleum Corp Ltd. and Hindustan
Petroleum Corp Ltd., according to people familiar with the deal. The return to
Iranian supply follows a temporary US waiver allowing limited energy purchases
from Iran. Additional LPG cargoes are also being negotiated.
