India's big three - Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. - are in the market for up to five cargoes a month next year, each around 46,000 tons. Every delivery must be a 50-50 mix of propane and butane. People familiar with the tender shared the details anonymously because the process is not public.
Frequent snags in Persian Gulf flows have sped up New Delhi's plan to cast a wider net for supply. Before the US-Iran war disrupted traffic through the Strait of Hormuz and triggered acute shortages, the Middle East provided in excess of 90% of India's LPG imports. The bottleneck has not fully cleared, and US and Iranian negotiators are weighing a phased reopening of the key shipping lane.
India locked in its first term arrangements with American sellers this year. The US now ranks as India's leading LPG supplier; by August, the total from term plus spot cargoes had amounted to a record 3.9 million tons. Policymakers want that momentum to continue.
Officials have asked the trio to lift the proportion bought via US term deals to no less than 15% in 2027, compared with 10% this year. Officials at the oil ministry and the three companies did not respond to emailed requests for comment.
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Global supply reshuffles matter for household budgets too, because LPG is cooking fuel as much as it is an industrial input. More contracted barrels from the US could mean steadier availability and fewer price shocks in a tight market.
Should the agreements be finalized, India's committed US volumes would reach about 2.76 million tons, up from 2.2 million tons, reducing vulnerability to Middle East chokepoints. For consumers, a more diverse import mix can translate to fewer supply scares and less volatile cooking gas bills. For investors, it is a reminder that energy security stories are not just about oil majors - they shape inflation, household spending and the pace of economic activity you feel day to day.
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