Daijiworld Media Network - New Delhi
New Delhi, Mar 10: The government has increased the minimum waiting period for domestic LPG cylinder refills from 21 days to 25 days, aiming to prevent hoarding and ensure equitable distribution, officials said. The measure comes amid concerns over a potential energy crisis following the ongoing war in Iran and the blockade of the Strait of Hormuz.
Authorities have directed all refineries to increase LPG production and prioritise domestic consumption over commercial and industrial use. “The precautionary measures are aimed at ensuring LPG availability for households,” a government official said.
Concerns about rising oil prices have emerged after Iran blocked the Strait of Hormuz, although its Revolutionary Guards stated the strait will remain closed only to vessels from the US, Israel, Europe and their Western allies. “We have to wait and see how the situation develops,” an official added.
Despite these tensions, the government reassured consumers. “There is no cause for panic… The impact on Indian consumers will be different from that on US consumers. We are better placed than many other countries. Look at what’s happening in Pakistan,” a source said.
Petrol and diesel supplies remain stable, with no shortages reported at any pump. India has also secured sufficient Aviation Turbine Fuel (ATF), officials said. “India is both a producer and exporter of ATF, so there is no need to panic about aviation fuel supplies,” sources added.
Officials noted that India has accelerated crude sourcing from routes outside the Strait of Hormuz to mitigate any disruption risks. They added that petrol and diesel prices are unlikely to rise unless global crude exceeds USD 130 per barrel, while current projections suggest crude may remain around USD 100 per barrel.
Highlighting India’s preparedness, sources said the country is better positioned than many other nations to manage the evolving energy situation, with several countries consulting New Delhi regarding stock levels and supply readiness.