New Delhi, March 24 -- LPG cylinder rate today, 24 March: Domestic and commercial LPG cylinder prices on Tuesday, 24 March, remained steady even as Iran denied that it had participated in talks with the United States to end the war in the Middle East, potentially spelling out more escalating conflicts in the upcoming days.

The US-Iran war and the effective suspension of trade via the crucial Strait of Hormuz has resulted in a supply shortage of cooking gas availability in India, both domestic LPG and commercial LPG. India relies on imports for most of its domestic and commercial LPG at around 60%. Most of these imports, around 90%, enter India through the Strait of Hormuz.

While the government and OMCs have continued to reassure the pub...