
The government has set maximum cooking gas (LPG) production targets for individual public and private sector refineries and upstream companies for the first time. The move aims to build a domestic supply…
The government has set maximum cooking gas (LPG) production targets for individual public and private sector refineries and upstream companies for the first time. The move aims to build a domestic supply buffer after the West Asia conflict exposed India's vulnerability to disruptions in imported cooking gas.
India was buying about 90% of its LPG imports from the Middle East before the war on Iran disrupted supplies from March due to the blockade of the Strait of Hormuz, Deccan Herald reports citing Reuters. The new targets cover both state-owned and private refineries, India TV News says.
The government has not specified a timeline for achieving the targets but intends to reduce dependence on volatile import routes. The next review of the policy is expected in the coming months.
Sources (2): indiatvnews.com, deccanherald.com
This story was synthesised by AI from the 2 sources linked above.