State refiners plan to raise annual contracts to boost U.S. liquefied petroleum gas (LPG) purchases by more than 25% next year as disruptions hit Gulf supplies and New Delhi diversifies sources. Sources say Indian Oil, Bharat Petroleum and Hindustan Petroleum are seeking up to five U.S. cargoes a month of about 46,000 tonnes each, versus four cargoes under 2026 contracts; each cargo would need equal volumes of propane and butane. If finalised, contracted U.S. LPG volumes would increase to roughl

State refiners plan to raise annual contracts to boost U.S. liquefied petroleum gas (LPG) purchases by more than 25% next year as disruptions hit Gulf supplies and New Delhi diversifies sources. Sources say Indian Oil, Bharat Petroleum and Hindustan Petroleum are seeking up to five U.S. cargoes a month of about 46,000 tonnes each, versus four cargoes under 2026 contracts; each cargo would need equal volumes of propane and butane. If finalised, contracted U.S. LPG volumes would increase to roughly 2.76 mln tonnes from 2.2 mln tonnes this year. India, the world’s second-largest LPG importer, signed long-term U.S. supply deals for the first time this year.