Due to the US-Iran war, the Ministry of Petroleum and Natural Gas has taken major steps to strengthen the supply of LPG in the country. This decision has been taken in view of the impact on fuel availability due to the current global tension. “Due to the current situation, fuel supply is being affected and there is pressure on the supply of LPG,” the ministry said in a statement. In view of this, the Ministry has instructed oil refineries to increase the production of LPG and use this additional production for domestic LPG.
The ministry has given priority to the supply of domestic cooking gas (LPG). For this, an inter-booking rule of 25 days has been implemented, so that hoarding and black marketing of gas can be prevented. At the same time, imported LPG is being reserved for essential non-domestic users like hospitals and educational institutions.
Committee formed for hotels and restaurants
For other non-domestic sectors like restaurants, hotels and industrial uses, the ministry has formed a review committee. The statement said that a committee of three executive directors (EDs) of oil companies (OMCs) has been formed, which will review the demands related to LPG supply of restaurants, hotels and other industries.
Why did you have to take this step?
This step has been taken at a time when price fluctuations are being seen in the oil market. The reason for this is the sudden closure of the Strait of Hormuz, which has had a major impact on the supply chain. Many countries are paying attention to securing their energy supply. For this reason, Iraq, Kuwait and Qatar have temporarily closed some parts of the energy supply. The ministry says that the objective of these steps is to ensure that despite the global crisis, LPG supply to households and essential services in India continues without interruption.
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