India Encounters LPG Supply Situation Amidst Geopolitical Tensions
New Delhi: Disturbances in international energy supply chains, intensified by tensions in West Asia, are affecting India’s LPG market, causing a surge in costs and a burgeoning black market. Small companies and dining establishments are birthing the impact.
- Commercial LPG cyndrical tube prices have skyrocketed by Rs 115 to Rs 1, 884 50 (19 kg).
- Black market costs have actually increased or much more.
- Some dining establishments face closure or lowered menus.
- Induction cooktop sales quadrupled as an option.
- Market body NRAI recommends gas preservation steps.