By Admin 
LPG News: Last time i.e. in February, when the war between US and Iran started, India was also troubled by the shortage of oil and gas. When there was a ceasefire between the two countries, the public and the government heaved a sigh of relief. But now when this war has started once again between the two countries, once again the situation has become the same. In such circumstances, LPG is being considered the biggest threat, let us know why?
Situation regarding LPG becomes serious
In fact, India imports most of its LPG requirement from outside, out of which 90 percent of the LPG comes to India through the Strait of Hormuz. In such a situation, the biggest danger is due to gas shortage. In the months of March, April and May, India saw a huge shortage of gas, people had to wait for a month for a cylinder and also had to stand in long queues. In such a situation, if the sea route is disrupted again due to war, the supply of domestic gas cylinders may be affected. Not only this, prices may also increase.
Also read: Petrol-Diesel Price: Government in tension due to Hormuz crisis, will petrol-diesel become expensive or will the government reduce the tax?
Government oil companies incurred losses
Just as oil companies have suffered losses due to not being able to increase the prices of petrol and diesel, similarly oil companies have also suffered huge losses due to gas. According to government data, by June 2026, government oil companies were incurring a loss of Rs 500 to Rs 700 on every domestic LPG cylinder. If the prices increase again in the international market, the government will have only two options: either increase the subsidy or make the cylinders costlier.
There is a need for strategic reserves
The country needs to formulate a strategy to avoid this crisis situation. Instead of just buying oil and using it daily, it would be better to keep its stock in the country. At present, India has a strategic petroleum reserve of 5.33 million metric tons, which can meet the needs of only 9.5 days. Whereas IEA recommends keeping strategic reserves of about 90 days.
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