Explained: Why West Asia conflict is affecting LPG supply in India
Out of the total demand of roughly 31–32 million tonnes (MT), India imports roughly 20–21 MT of LPG every year.
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Out of the total demand of roughly 31–32 million tonnes (MT), India imports roughly 20–21 MT of LPG every year.
If fighting continues, it will disrupt shipping on Strait of Hormuz route. Hence, oil tankers may stop (or reroute), which in turn will give rise to freight and insurance costs, and eventually, fuel will become costlier in India.
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