The heat of rising tensions in the Middle East is now being felt in India. However, the Indian government has taken significant decisions regarding the LPG supply system. To prevent hoarding and black marketing of domestic cylinders, the government has tightened booking rules. The government has directed oil companies (IOCL, HPCL, and BPCL) to reserve available stocks primarily for domestic (14.2 kg) cylinders.

The Petroleum Ministry stated that, given the LPG shortage, the government has ordered oil refineries to increase LPG production and divert the excess production to domestic use.

Changes in Booking Rules
The ministry has prioritized the supply of LPG to households and has introduced a 25-day inter-booking period to prevent hoarding and black marketing. Any bookings made before this date will be automatically rejected.

The ministry stated that non-domestic supplies of imported LPG are being prioritized for essential non-domestic sectors, such as hospitals and educational institutions. A committee of three OMC executives has been formed to review LPG supplies to other non-domestic sectors, including restaurants, hotels, and other industries.

Surge in LPG Prices
It should be noted that LPG prices have surged since March 7. The price of a commercial cylinder has increased by approximately ₹115, and that of a domestic cylinder by approximately ₹60. However, the government has clarified that there will be no increase in petrol and diesel prices for the time being.

30 Percent Decline in Supply
India imports a large portion of its needs from countries like Qatar and Saudi Arabia. Due to the current tensions, weekly imports have declined by approximately 30 percent, forcing stock management through rationing.

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