Dayanand Mittal, Oil & Gas, Telecom Research Analyst, JM Financial Institutional Securities said the decision to import liquefied petroleum gas (LPG) from the US marks a historic shift.

Speaking to CNBC-TV18 on the sidelines of the JM Financial India Xchange 2025 conference, he said India has traditionally depended on the Middle East for most of its LPG imports . The new deal now helps in “diversifying to the US, partly also to get the India-US relationship back on track.”

However, the benefit for oil marketing companies (OMCs) may be limited. Mittal noted that the pricing details are still unclear, but US LPG “might be at some discount to the Middle East LPG prices,” offering some relief to state-run fuel retailers that have faced losses in recent years.

According to him, OMCs were l

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