Big relief amid LPG crisis! India’s two huge gas tankers left the battlefield, will cylinder prices become cheaper now?

Amidst the deepening LPG crisis in India, a very relieving news has come to light. According to the latest shipping and tracking data, two big tankers carrying LPG for India, BW Elm And BW Tiresuccessfully crossing the Strait of Hormuz. This news is also important because due to war conditions, the movement of ships on this sea route had almost come to a standstill, due to which there was a fear of gas shortage in India.

Gas supply is passing through the battlefield

Due to the attacks by America and Israel against Iran in the Middle East, this sea route has turned into a dangerous battlefield. However, amid this tension, Iran has adopted a flexible stance and said that ships which are not ‘enemies’ to it can pass through this route with its permission. Taking advantage of this, India is taking its ships out safely with caution.

India started ‘rescue operation’

Data has shown that both these Indian flagged tankers have now crossed the Gulf region and reached the eastern Hormuz Strait. The Indian government and oil companies are gradually trying to take out the stuck LPG cargo. So far Shivalik, Nanda Devi, Pine Gas And jug spring Like four big tankers have crossed this dangerous zone, which is a good news for the Indian kitchen.

Many ships still stranded, crisis continues

Even though some tankers have emerged safely, the danger is not over yet. As of Friday, around 20 Indian ships, including five LPG tankers, were still stuck in the Gulf region, according to government data. Jag Vikram, Green Asha And Green Saanvi Such tankers are currently stuck in the western Hormuz Strait and are waiting for their safe passage.

India is facing the biggest gas crisis in decades

India is the second largest LPG importer in the world. At present the country is facing the most serious gas crisis in the last several decades. The situation is so challenging that the government has to cut the gas supply to factories and industries to meet the needs of common households. India’s dependence on the Middle East is very high; Of last year’s total consumption of 33.15 million tonnes, 60% was imported, of which about 90% comes through this route.

It is expected that as the stranded ships are emptied and reloaded, the supply chain will get back on track. However, experts believe that until the war stops completely, it will be too early to call the situation completely normal.