A rumor of a potential domestic gas shortage sparked panic in Bihar’s Sugauli block, with fears of LPG supply disruptions due to Iran-Israel tensions. The frenzy led to residents flocking to the local gas agency, causing chaos and long queues. Despite the rush, the gas agency assured the public of sufficient LPG stock and normal household supply continuation.
Residents in Kaimur district also faced LPG cylinder shortages, reportedly due to disrupted supplies from Indian Oil Corporation and Hindustan Petroleum agencies. Angry villagers threatened road blockades if gas supplies were not promptly restored. Geopolitical tensions in West Asia have escalated, with Brent crude oil prices exceeding $100 per barrel, potentially impacting fuel prices in India.
Experts suggest that stable fuel prices in India, despite rising crude oil costs, are due to state-run oil companies’ profitability and government efforts to curb inflation. If West Asia tensions ease, fuel prices may stabilize; however, prolonged conflict could lead to price hikes. Officials advise against panic buying as LPG supplies are unaffected for now.
