India Raises LPG Prices as Hormuz Crisis Chokes Flows

India raised prices for its most widely used cooking gas for the first time in almost a year as the Iran war disrupts Middle East energy flows and sends global fuel costs higher.

Indian Oil Corp., the nation’s largest refiner, increased the price of a 14.2-kilogram liquefied petroleum gas cylinder in New Delhi by 7% to 913 rupees ($9.95), according to its website. Other state-run retailers — Bharat Petroleum Corp. and Hindustan Petroleum Corp. — moved in tandem, marking the first hike for household consumers since April.