War has broken out in the Middle East, so why is the crisis only on ‘LPG’, petrol-diesel is not affected?

• War has broken out in the Middle East
• Then the problem is only on ‘LPG’
• Why is there no effect on petrol-diesel?

Iran and Israel in Central Asia Meanwhile, the ongoing conflict has created major volatility in the global energy market. This war is a direct result of India LPG Seen across the supply chain. However, the comforting factor is that compared to gas of petrol and diesel Supply is still normal though. An interesting analysis has come out as to why there is such a difference in the supply of these two fuels.

The ‘Strait of Hormuz’ and the gas crisis

The main reason for India’s LPG shortage is geographical. India imports more than 50 percent of its LPG requirement from Gulf countries like Saudi Arabia, Qatar and UAE. About 80 to 90 percent of the total LPG shipments to India come through the Strait of Hormuz. Tensions between Iran and Israel have made the route extremely sensitive at present. Whenever a war situation arises on this route, its first hit is on the Indian kitchen gas supply.

Why was petrol-diesel not affected?

While there is a shortage of gas, the situation with petrol-diesel is different. The most important reason for this is India’s ‘fuel diversification’. In the past few years, India has started importing large quantities of crude oil from Russia. Currently India is buying oil from more than 40 countries. According to data from the Union Petroleum Ministry, 70 percent of India’s crude oil now comes through routes that do not fall within the purview of Hormuz. In addition, India’s own refining capacity (refining capacity) is more than needed, so there is no shortage of fuel in times of crisis.

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This is due to the limitation of gas storage

India has huge strategic underground reserves in cities like Visakhapatnam and Mangalore to store Crude Oil. A stock of several weeks can be kept here. In contrast, India has very limited storage capacity for LPG. India’s gas reserves are less than just two days’ worth of consumption. Therefore, even the slightest delay in the supply chain immediately creates a shortage of gas in the market.

Ujjwala Yojana and rising demand stress

In the last 10 years, the number of gas connections in the country has increased from 14 crore to 33 crore due to the ‘Pradhan Mantri Ujjwala Yojana’. A large number of people are now completely dependent on LPG instead of wood or coal. Due to increasing demand, the government is now having to impose some restrictions on the sale of commercial cylinders to maintain supply to domestic consumers. India is now trying to import gas from the US and West African countries to reduce its dependence on the Middle East. So that the gas grate in the kitchen of the Indian housewives will keep burning even in warlike conditions.

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