LPG Crisis: Big crisis on LPG! Will LPG stock end in 15 days? Government’s signals created panic

LPG latest updates: Amidst the global tension, a big concern has come to light regarding India’s LPG supply. According to a senior government official, in the current situation it may take 3 to 4 years for the LPG supply chain to become completely normal. The biggest reason for this is believed to be the ongoing tension in the Middle East and the adverse impact on important sea routes like the Strait of Hormuz, from where about 90% of India’s LPG was supplied. Due to wars and attacks, the supply from here has been badly affected, due to which the pressure on the energy security of the country has increased.

Import increased from 60% to 55%

India meets about 60% of its total LPG requirement through imports and countries like UAE, Qatar, Saudi Arabia play an important role in this. But, after recent developments, there has been a huge decline in the supplies coming from these countries. According to Bussiness reports, now the share of imports from Gulf countries has come down to about 55%, which clearly indicates that India now has to look for alternative sources.

Damage to gas production unit

Experts believe that the effect of 40% to 50% reduction in supply may last for a long time. The problem is not limited to supply disruptions, but it is also not clear whether the oil and gas production units that have been damaged are temporarily closed or permanently damaged. This uncertainty is making the recovery timeline longer.

15 days LPG storage in the country

Meanwhile, the government’s focus is on maintaining the supply of LPG to the common people. For this, the measures adopted during Covid-19 can be re-implemented, such as diversification of supplies, imports from new countries, changes in shipment routes and increasing domestic production. However, LPG storage capacity in the country is currently only equal to 15 days of consumption, which remains a major challenge.

Prices increased by up to ₹60

The direct impact of this crisis is also visible on prices. domestic lpg cylinder The prices have recently increased by up to ₹60, while commercial cylinders have become costlier by up to ₹115. The rising costs are also affecting hotels, restaurants and small businesses, and the subsidy burden on the government may also increase.

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This crisis of LPG supply is not just a temporary setback but can become a long-term challenge. In the coming times, India will have to further strengthen its energy strategy, so that the impact of global crises is minimal on the general public.