Global LNG Prices Rise 6% as India's Gas Affordability Faces Pressure

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Major upheavals in the global energy sector have pushed LNG prices and transport costs to new highs. Indian oil marketing companies are reporting significant losses on petrol and diesel because crude procurement costs have surged. Middle Eastern crude exports have partially rebounded, offering some relief. However, supply chain challenges continue to linger. The article raises concerns about how these pressures affect the affordability of gas in India.

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