Global LNG prices jump 6%: Is India's gas affordability under pressure

AI Summary

Global LNG prices have risen 6%, adding to pressure on Indian gas affordability and increasing costs for oil marketing firms. The article also cites higher crude procurement and transport expenses, alongside continuing supply-chain challenges despite a rebound in Middle Eastern crude exports.

The global energy sector is currently undergoing major upheavals that have pushed LNG prices and transport expenses to new heights. Indian oil marketing firms are suffering marked losses on petrol and diesel due to the surge in crude procurement costs. Though there has been a rebound in Middle Eastern crude exports, lingering supply chain challenges remain.