By Admin 
LPG News: There was a war going on between Iran and the US since February, which was affecting the economy of many countries including India. Especially if we talk about India, people here had to face shortage of oil and gas. But now that everything is going well between the two countries, there is good news for India also. The good news is that now the Strait of Hormuz has opened and tankers filled with oil and gas have started coming from there continuously.
LPG tankers left
In fact, with the peace talks between Iran and the US, the Strait of Hormuz has also opened. As soon as it opened, 40 ships left for India. In which Liquefied Petroleum Gas (LPG) is coming to India. With the arrival of these ships in India, the problem of gas coming in crores of houses in India will be solved.
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What did the officer say?
Speaking to Telegraph India, Sumit Ritolia, senior energy analyst at Kpler, said, ‘LPG has been worst affected and (India’s) imports have fallen by about 51% compared to pre-war levels. Due to which there is pressure to replenish its stock.
He also said, ‘There is little hope of trade flow normalizing immediately, rather it will normalize in some stages. This is because different types of fuel were affected differently.
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Let us tell you that due to the Iran-US war, there was a huge increase in the prices of petrol and diesel in India last month. At the same time, the prices of domestic LPG and commercial LPG also increased rapidly. Which had a direct impact on the country’s economy. However, now that the Strait of Hormuz has opened, it is expected that soon the prices of petrol, diesel and gas may come down once again. This will also reduce the impact of inflation on the common man’s pocket.