Be careful! LPG shortage continues in the country; Shortage will increase now, domestic product demand…

New Delhi : LPG gasIndia, the world’s third largest consumer, is currently facing a severe supply shortage. Although the government denies any crisis, statistics show a shortfall of around 400,000 barrels per day compared to pre-war levels. Consumers have to bear the direct impact of this.

This crisis has arisen due to the closure of the ‘Strait of Hormuz’. It is a very important sea transport route, through which India used to get more than 80% of its total LPG imports before the war. This information has come out from the ‘Kepler’ report. Before the war, when the Strait of Hormuz was fully open for a month in February, India’s imports were 851,870 barrels per day.

According to statistics, by April this figure had dropped to just 377,620 barrels per day. To make up for this shortage, India tried to increase domestic production by about 75,000 barrels to 530,000 barrels per day.

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However, this production was not enough to cover the huge drop in imports. Interestingly, India does not maintain any long-term strategic reserves of LPG. According to officials on May 11, the country has 45-day rolling stock of LPG, while crude oil and natural gas have 60-day stock. India used to import about two-thirds of its total LPG requirement.

Cylinders are getting three times more expensive in black

Within days of the start of the war in early March, India hiked the price of a 14.2 kg domestic LPG cylinder by Rs 60. This had a direct impact on the market and LPG sales fell by 13% in March compared to last year. It recorded a further decline of 12.7% in April. Total sales in April stood at 2.19 million metric tonnes, which equates to around 8,46,000 barrels per day.

Commercial cylinders priced above Rs.3000

A domestic cylinder is now being sold for more than Rs 3,000 in the black market, more than three times the government-fixed price of around Rs 915. The situation has become more difficult for hoteliers and businessmen. Recently, the price of commercial cylinders was hiked by Rs 993, making them over Rs 3000 in Delhi and Mumbai.