Finance Minister Nirmala Sitharaman stated in the Rajya Sabha that the entire 25% rise in domestic LPG production is being directed towards households for cooking purposes. She also mentioned that 65% of the LPG consumed in India is imported, with 90% of this quantity passing through the Strait of Hormuz. The government is ensuring a consistent supply of LPG despite current challenges and assured that there is no energy scarcity in India presently.
India’s domestic refineries have boosted LPG production to compensate for import shortages caused by disruptions in the Strait of Hormuz due to the Iran conflict. The Minister highlighted that the country’s economy has remained stable even amidst conflicts in the Middle East, emphasizing India’s resilience in facing such adversities. She further noted the increased capital outlay for infrastructure projects like highways, ports, and railways, amounting to Rs 12.2 lakh crore, to drive economic growth and job creation.
The Ministry of Petroleum and Natural Gas reported that LPG supply is being closely monitored in light of geopolitical tensions, with measures taken to prevent diversion of cylinders at distributorships. Two Indian-flagged LPG carriers safely crossed the Strait of Hormuz, ensuring uninterrupted energy supply. Major ports are prioritizing berthing for LPG vessels to maintain cargo discharge efficiency and energy continuity. Online bookings for LPG cylinders have surged, reaching around 90%, facilitating a more organized distribution to households.
