The current gas shortage is likely to be short-lived as per the prevailing higher prices make imports from distant sources economically viable. However, such shipments will take more time to arrive India, which means that the country could face shortage for a short period of time only. The government measures have increased the Liquefied Petroleum Gas (LPG) output by 25%. Despite the steps, hoteliers across the country have flagged shortage in supply of commercial cooking gas. The restaurant associations have asked the government to ensure uninterrupted supply of cooking fuel.
This comes amid an increase in the prices of LPG and commercial cylinders. India’s LPG output has increased by 10% after households were prioritized over industrial use. India consumed 33.15 million tonnes of cooking gas last year, with imports accounting for 60% of demand. More than 90% of these imports came from West Asia. Now, India has begun shifting the focus from non- priority sectors to key sectors. Almost all Indian refineries are operating at full capacity. Officials said that, LPG and LNG supplies have been diversified, with cargoes already arriving. Some places are far away and thus will take time to arrive, but supplies are coming and fuel and energy shortage will end very soon amid the ongoing Iran-Israel war.
