Indian government addresses LPG supply concerns amid Middle East crisis
The Indian government addressed LPG supply concerns amid the Middle East crisis, confirming adequate crude oil stockpiles and urging consumers to shift to PNG connections. Panic-booking of LPG has declined significantly, with 55 lakh bookings recorded recently.
after close1 source ↓written by the desknot a recommendation
- with states receiving
- 10% additional gas allocation
- recorded on Thursday
- 55 lakh bookings
The Indian government held an inter-ministerial briefing on the Middle East crisis, highlighting LPG supply concerns. Key points include:
• Crude oil stockpiles are adequate, with refineries operating at full capacity.
• Consumers are urged to shift to PNG connections, with states receiving 10% additional gas allocation.
• Panic-booking of LPG has declined, with 55 lakh bookings recorded on Thursday.
These developments may stabilize energy availability in the near term.
Not investment advice. For informational purposes only.