US EditionLPG Shortage News Today LIVE: Chapati, Dosa, Tea, Coffee Vanish From Menus; Attempts on to Control Crisis, Says Govt
India raised domestic LPG production by 25% and extended booking intervals to 25 days to prevent shortages amid West Asia tensions, ensuring steady supply for households.
- On Wednesday, the ministry of petroleum and natural gas assured LPG consumers there is no need for panic booking as domestic LPG production has increased by 25 per cent.
- Amid rising West Asia tensions, India imports around 60 per cent of LPG, with nearly 90 per cent passing through the Strait of Hormuz, prompting supply safeguards.
- Implementing supply interventions, officials said, on March 8 the government directed refineries and petrochemical units to maximise LPG output and increase booking gaps from 21 to 25 days, with Sharma stating, 'Our gas companies have procured LNG cargo from new sources. Two LNG cargo are on their way to India.'
- Authorities said they prioritised household LPG consumers by diverting extra domestic LPG to homes, prompting restaurants in Bengaluru, Mumbai and Gurugram to adjust operations, while industrial gas consumers receive variable supply levels.
- Diversifying supplies, officials noted India sources crude from about 40 nations and requires roughly 5.5 million barrels per day while global LPG prices have risen about 43 per cent since July 2023.
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LPG Shortage News Today LIVE: Chapati, Dosa, tea, coffee vanish from menus; attempts on to control crisis, says Govt
LPG Shortage News Today LIVE: Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Thursday said efforts are underway to control the LPG crisis and that new avenues are opening for India to secure additional supplies. Catch LIVE Updates with Mint
Panic LPG bookings surge in Pune as West Asia conflict leads to stockpiling
Dealers said hundreds of consumers have started visiting distribution centres daily to either book or collect cylinders, fearing possible supply disruptions linked to the geopolitical situation. While oil companies maintain that domestic LPG supplies remain stable for now, distributors say the sudden rush is putting pressure on agencies.
Daily domestic LPG output raised by 25%: Petroleum ministry official
India's cooking gas production has risen 25 percent. Refineries are maximizing output to counter supply halts from the Gulf. This boost helps fill a gap caused by the Iran war impacting imports. Households are advised against panic booking. India's crude oil supply remains secure. Additional crude and LNG cargoes are en route to India.
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