India faces beer price hikes due to gas shortages
after close1 source ↓written by the desknot a recommendation
- imported and half
- 90% of crude oil
The ongoing US-Iran conflict has led to gas shortages affecting various sectors in India, including alcoholic beverages. With 90% of crude oil imported and half through the Strait of Hormuz, disruptions in LPG supply from Gulf nations are causing shipping delays and rising costs for brewers. This could lead to higher beer prices for consumers.
• India imports a majority of its LPG from Qatar and Saudi Arabia.
• Global brewers warn of supply disruptions.
• Inflationary pressures may impact consumer spending.
Not investment advice. For informational purposes only.