New Delhi: The increasing tension between America and Iran and the impact of the closure of the Strait of Hormuz has affected the energy supply of the entire world. The oil crisis is deepening in many countries due to the blockage in the Strait of Hormuz, one of the world’s most important oil routes. Its effect is also visible in India, where pressure regarding LPG supply and energy imports has increased. However, the Central Government has taken many important steps to handle the situation.
Domestic LPG increased
The government took the decision to increase domestic LPG production in the initial days of the crisis. Under this, daily production was increased from 36 thousand tons to 54 thousand tons per day. Apart from this, work was also done rapidly on new countries and alternative routes for oil import, so that the supply is not affected.
price of petrol and diesel
Despite the huge rise in the prices of crude oil in the global market, the prices of petrol and diesel in India have been kept stable at present. According to reports, crude oil has become expensive by about 50 percent at the international level, but in the country petrol remains at around Rs 94.77 per liter and diesel at Rs 87.67 per liter.
Loss of Rs 1700 crore
However, its major impact is on government oil companies. Companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum have been selling fuel at old prices for the last several weeks. It is being told that due to this, companies are incurring a loss of around Rs 1600 to 1700 crore every day. In the last 10 weeks this loss has crossed Rs 1 lakh crore.
Let us tell you, about 40 percent of India’s crude oil imports, 90 percent of LPG imports and 65 percent of LNG imports have been affected by this crisis. Despite this, the government has not increased the prices of petrol and diesel to reduce the burden on the common people.
LPG cylinder price
However, the prices of domestic LPG cylinders were increased by Rs 60 in the month of March. According to the information, if the prices of crude oil remain high in the global market for a long time, then the government may have to take a decision on the prices of petrol and diesel. It is also being claimed in the reports that changes in fuel prices are possible in the coming days.
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