New Delhi, April 27 -- With the US-Iran peace talks stalled yet another time, and the looming uncertainty of the reopening of the Strait of Hormuz disrupting cooking gas LPG supplies, India is reportedly reviewing its fuel exports to ensure availability in the local markets.

India is assessing fuel-supply requests from its neighbours and will approve exports only if it has surplus volumes, the Ministry of External Affairs said.

The government has also barred consumers with piped natural gas (PNG) from retaining, obtaining or refilling domestic liquefied petroleum gas cylinders.

Since the start of the US-Iran war on February 28, domestic LPG prices have been revised once, but the cost of commercial cooking gas has been increased twice....