India LPG customer base declines by 6.2 million
after close1 source ↓written by the desknot a recommendation
- to 105.7 million
- 0.6 million
India's domestic LPG customer base has declined by 6.2 million from 333.9 million to 327.7 million between April and August 2023. This marks the first drop in over a decade, driven by disruptions in imports due to the US-Iran war. The government's Ujjwala scheme beneficiaries also fell by 0.6 million to 105.7 million.
The contraction in LPG connections may impact oil companies' operations and pricing strategies, as they tighten checks on existing customers and halt new connections. 📉
Not investment advice. For informational purposes only.