- Electric induction cooktops are selling out across India due to consumer fears of a cooking gas shortage, exacerbated by disruptions to shipping through the Strait of Hormuz caused by the ongoing Middle East conflict.
- The war has led to rising crude oil and liquefied petroleum gas (LPG) prices, prompting households to purchase electric cooking appliances as a precautionary measure against potential unavailability.
- E-commerce platforms like Amazon India have reported a nearly 30-fold increase in induction stove sales, while kitchen appliance maker TTK Prestige has seen a threefold surge, leading to increased production capacity and staffing.
- Some retailers are experiencing stock shortages, with fresh supplies days away, and companies like TTK Prestige plan to raise prices in the June quarter to offset higher costs.
- The Indian government has invoked emergency powers to boost household LPG supplies and established a panel to review industry requests, as companies have raised LPG prices for the first time in about a year.
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