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Morning Digest: LPG price hiked ₹60, Nepal election shock, West Asia tensions rise

Finance Saathi Team

07/Mar/2026

• Domestic LPG cylinder price has been increased by ₹60 due to rising global energy prices amid the ongoing West Asia conflict.

• Nepal’s Rastriya Swatantra Party is heading toward a landslide victory with Balendra Shah likely to become the youngest Prime Minister.

• India debates energy security, TRP reporting halted for TV news channels and geopolitical tensions continue to rise in the Middle East.

Several major developments across India, South Asia and global geopolitics dominated the news on March 7, 2026.

From a steep ₹60 increase in domestic LPG prices triggered by rising energy costs amid the West Asia conflict, to a political upheaval in Nepal where a new party is heading for a landslide victory, the day saw significant developments affecting both domestic policy and international relations.

At the same time, tensions surrounding the Iran-U.S.-Israel conflict, debates over India’s energy independence, and regulatory decisions affecting the Indian media industry have added to the complex news landscape.

Here is a detailed look at the major stories making headlines.

Domestic LPG Cylinder Price Hiked by ₹60

The price of domestic cooking gas (LPG) in India has been increased by ₹60 per cylinder, marking a significant rise for household consumers.

According to information available on the Indian Oil Corporation (IOC) website, the price of a 14.2-kg non-subsidised LPG cylinder in Delhi has risen to ₹913.

This category of LPG is primarily used by urban and middle-class households that do not receive subsidies under the government’s Ujjwala scheme.

Why the price was increased

Oil companies said the price revision reflects higher global energy costs resulting from escalating tensions in West Asia.

The region is one of the largest oil-producing areas in the world, and geopolitical instability often leads to rising crude oil prices and increased energy costs globally.

Higher crude prices directly impact fuel and LPG pricing in India, which relies heavily on imported energy resources.

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Morning Digest: LPG price hiked ₹60, Nepal election shock, West Asia tensions rise

Domestic LPG Cylinder Price Hiked by ₹60

Why the price was increased

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