Live
LPG Cylinder Shortage Live Updates: Indane, BP, HP Gas Crisis In India; PM Modi Holds High-Level Meeting

LPG cylinders in India have become scarce and panic has escalated over the shortage of indane gas. Many hotels in cities like Bengaluru, Mumbai, Chennai Delhi, Hyderabad have announced an impact on their operations due to disruption in LPG supplies.

Meanwhile, Prime Minister Narendra Modi held a high-level meeting with Petroleum Minister Hardeep Singh Puri and External Affairs Minister S. Jaishankar to tackle the LPG shortage panic in India, which has escalated since the shutdown of the Strait of Hormuz owing to the US-Israel and Iran war in the Middle East.

Hormuz is one of the largest chokepoints for global oil and gas supply. This maritime passage is crucial for India's oil, natural gas and energy market. Notably, India imports 62% of its total LPG through this passage in the Red Sea. Iran has warned to set vessels ablaze if they try to pass through Hormuz, which has left hundreds of ships stranded. Many Arab countries, which are key exporters of oil and gas, have announced output cuts.

To ease the situation, India has also imposed the Essential Commodities Act, 1955, which is focused on regulating the supply and distribution of petroleum and petroleum products.

Stay tuned for real-time updates and developments related to the LPG shortage crisis.

LIVE Feed

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+