India Increases LPG Booking Period To 25 Days To Reduce Hoarding, Orders Refineries T
India Increases LPG Booking Period To 25 Days To Reduce Hoarding, Orders Refineries To Boost Output
M.U.H
10/03/202629
The Indian government has increased the LPG booking period from 21 days to 25 days to prevent hoarding and ensure a fair supply of cylinders amid the West Asia conflict, according to reports. The booking period refers to the minimum waiting time required between two bookings of a domestic cooking gas cylinder.
Government sources told news agency ANI that the LPG booking period was increased to 25 days to stop hoarding and black marketing. They said there were instances where people who had booked LPG cylinders earlier in 55 days had started doing so in 15 days.
The sources also informed that the government had ordered refineries to boost output as the war between the US-Israel and Iran continues in the Gulf. The refineries have been instructed to prioritise domestic LPG production over commercial connections.
India is also looking for alternative options for LPG shipments, and countries like Algeria, Australia, Canada and Norway have also approached the government to help with LPG supplies.
This came after government sources told CNN-News18 that India currently has crude oil to last for 25 days and is actively exploring alternative sources for importing crude oil, LPG and LNG to ensure energy security amid escalating tensions in West Asia.
Additionally, the Ministry of Petroleum and Natural Gas directed authorities to prioritise propane and butane supplies for domestic LPG consumption. Gas-based crematorium furnaces operated by the Pune Municipal Corporation (PMC) have been closed temporarily to prevent a shortage of cooking gas for households amid tightening supply.
As the war continues, the price of a 14.2-kg domestic LPG cylinder has been increased by Rs 60, while the 19-kg commercial cylinder has become Rs 115 costlier, according to a notification by oil market companies on March 7. This marked the second increase in LPG prices in less than a year.
