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Shares of appliance makers Stove Kraft, TTK Prestige and others soared up to 5% as West Asia tensions disrupt cooking gas supplies. India, a major LPG importer, faces shortages. Restaurants are switching to simpler menus. Demand for induction cooktops has surged significantly. This situation impacts gas prices and availability across the country. Railway food centers are also adopting alternative cooking methods.
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Ed Miliband says the competition watchdog is primed to intervene if firms use the oil price shock to "rip off" customers.
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US Treasury Secretary Scott Bessent said it was a temporary measure that will last until 11 April.
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