India Faces Severe LPG Crisis Amid Middle East Tensions, Forcing Supply Restrictions
Summary
India is facing a severe LPG supply crisis due to Middle East tensions, leading to supply restrictions and increased prices impacting households and businesses across multiple states.
Key Points
- Military tensions in the Middle East have blocked key maritime routes, halting LPG supply to 10 major Indian states.
- India imports 54% of its gas through the Strait of Hormuz, which is nearly closed due to Iran-related conflicts.
- The Indian government extended LPG cylinder booking intervals from 21 to 25 days and introduced biometric/OTP authentication to combat hoarding.
- Gas prices were increased significantly, causing distress among hotel operators and even forcing temporary shutdowns of gas-powered crematoriums in Maharashtra.
