The impact of the war between Iran and Israel is not limited to the same place, it is also directly affecting the pockets of Indians. The effect of this war can also be found on your kitchen.
Let us tell you that there are reports that the prices of LPG cylinders in the country may increase. The increasing tension in the middle East can also be seen to be seen at the cost of cylinders in India. Because 2 out of every 3 LPG cylinders in the country come from West Asia.
According to some media reports, attacks on nuclear sites in Iran, USA, have increased the fear of stopping the world’s largest oil producer Sector West Asia. In the last 10 years, the use of LPG in India has been more than doubled. LPG’s reach in 33 crore houses in India has now increased. This is due to the government’s Ujjwala scheme, which has promoted LPG. However, this has also increased India’s import dependency. About 66 percent of LPGs come from abroad and 95 percent of it comes from Saudi Arabia, Qatar and UAE countries in West Asia. According to data from the Ministry of Petroleum, LPG storage in India is only for 16 days of conjugation, which are in import terminals, bottling plants and refinance.
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India’s condition in terms of petrol and diesel is much better. India is the net exporter of both of them i.e. 40 percent petrol and 30 percent diesel which we make, we export to other countries. If needed, this export volume can be converted into the domestic market. There are 25 days of stocks in refinance for crude oil, pipelines, national strategic petroleum reserves and ships. The refiners did not panic and shop between Iran and Israel Tension, as they feel that there is less risk of stopping supply.
