Misconception within hospitality industry put to an end
(LPG stands for liquefied petroleum gas)
New Delhi - The Iran-Israel war has been going on since last one week.
A misconception was spread that 'the direct impact of this war is seen in India as the supply of commercial LPG gas cylinders has been stopped temporarily'. Hotel associations in Maharashtra had started raising their voices on this. The Government has issued clarification that the commercial LPG gas supply has not been stopped. The Ministry of Petroleum and Natural Gas has issued the clarification.
Increase in domestic and commercial gas prices
However, the price of a 19.2 kg commercial gas cylinder in India has increased by a whopping Rs 115 and is currently over Rs 1,883. In Delhi, Indian Oil Corporation has increased the price of a domestic LPG cylinder by 7 percent to Rs 913.
Possible effect of war on India's LPG supply India is the second largest importer of LPG in the world after China. According to the international news agency 'Reuters', India imports at least 65 percent of its total LPG needs. Of this 65 percent, at least 91 percent of the LPG is imported from the Gulf countries alone. These include the United Arab Emirates (40 percent), Qatar (21 percent), Saudi Arabia (15 percent), and Kuwait (15 percent). 85 percent of the total LPG comes to India through the 'Strait of Hormuz'. Therefore, if there is a ban on LPG arriving through this route, it can cause a major crisis for India. However, that is not the case at present. |