The company said the price of a 19-kg commercial LPG cylinder used by industrial consumers was increased by 993 rupees, or 47.8%, to 3,071.5 rupees from previous levels.Aviation turbine fuel prices for international airlines were also raised by $76.55 per kilolitre to $1,511.86 per kilolitre, up from $1,435.31, according to a company statement.

Prices of household LPG, primarily used as cooking fuel, were left unchanged, while jet fuel rates for domestic airlines were also not revised.The selective increase reflects the government’s continued effort to shield households and domestic carriers from sharp energy inflation while allowing market-linked pricing for industrial and international commercial users.

The revisions come as global oil prices have climbed above $100 per barrel after the closure of the Strait of Hormuz, a critical global shipping route for crude exports, amid the ongoing Iran war and heightened military tensions in the Gulf.

The disruption has tightened supply expectations across global energy markets and increased input costs for refiners and fuel distributors across Asia, particularly for countries such as India that depend heavily on imported crude.

India imports more than 80% of its crude oil needs, making domestic fuel pricing highly sensitive to geopolitical shocks in major producing regions such as West Asia.

The increase in commercial LPG prices is expected to affect hotels, restaurants and small industrial users, while higher aviation turbine fuel costs for foreign carriers could raise operational expenses for international flights using Indian refueling hubs.

Indian Oil did not indicate whether further revisions would follow if crude prices remain elevated.