Lpg price: In India, the consumption of domestic LPG i.e. LPG has increased rapidly in the last few years, but now this LPG has started to cloud of crisis. Iran-Israeli has affected globally oil price globally oil prices in Iran’s growing tension and Iran’s nuclear bases. Experts associated with the industry and government believe that if the situation worsens, the supply and prices of LPG will be affected the most. In the coming time, its direct effect will also be seen in common homes in India. If the situation gets worse between Iran Israel, then the price of LPG can also be affected.
How much is India’s LPG dependence on Iran?
Due to government schemes in the last decade, the use of LPG in the country has doubled and now about 33 crore houses are dependent on LPG. But with this increasing supply, dependence on import has also increased. Currently, India sought about 66% of its needs from abroad, of which 95% of which comes from West Asian countries such as Saudi Arabia, UAE and Qatar.
Is there only 16 days stock?
According to several media reports, according to government data, India has the facility to store as much LPG. It is sufficient for only 16 days of the average national conference. That is, if there is a slight interruption in the supply, then there may be problems with LPG cylinder in homes. While the situation is slightly better in terms of crude oil as the refineries and other means have a stock of about 25 days.
Why is there a problem with LPG stock?
LPG is considered more unsafe than other fuel because its options are limited. For example, PNG gas from pipes is still limited to only about 1.5 crore houses. Se kerosene supply is almost closed. In such a situation, if the supply of LPG is affected, then cooking with electricity in cities will remain the only option.
Is relief in petrol and diesel?
India is self -sufficient in the case of petrol and diesel. The country not only makes petrol and diesel of its need, but also exports them. India exports about 40% of its petrol consumption and 30% of diesel, which can be folded for domestic use if needed. Therefore, there is not much danger on these fuel as on LPG.
What are the situation worse?
The current prices of LPG vary according to the city. The rate is Rs 853 in Delhi, Rs 942 in Patna, Rs 890 in Lucknow, Rs 852 in Mumbai, Rs 858 in Bhopal and Rs 855 in Bangalore. Experts believe that the situation is not completely uncontrollable right now and refineries are also avoiding to do additional purchases. They believe that the current supply chain is currently stable. But if the situation worsens, action will have to be taken immediately.
Will there be a huge boom in prices?
However, officials believe that even if the stress increases, the rise in oil and gas prices will be temporary. Supply and demand in the global market is currently balanced and even if prices go up for some time, it is likely to be normal soon.
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