♦ India has finalised its first-ever major structured contract to import Liquefied Petroleum Gas (LPG) from the United States, Petroleum and Natural Gas Minister Hardeep Singh Puri announced on 17 November 2025. Public sector oil companies have concluded a one-year agreement to import around 2.2 million tonnes per annum (MTPA) of LPG from the US Gulf Coast for the contract year 2026, accounting for nearly ten percent of India’s annual LPG imports.

♦ According to the Ministry of Petroleum and Natural Gas, the deal marks the first structured US LPG import contract for the Indian market and is expected to strengthen the country’s long-term energy security. The agreement is based on Mount Belvieu as the pricing benchmark for LPG purchases.

♦ The Ministry informed that a delegation from IndianOil, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) visited the United States between 21 and 24 July 2025 and held discussions with leading LPG producers. These discussions have now concluded with the signing of the contract.