New Delhi: Amid the US-Iran war and escalating tensions in West Asia, the Indian government has taken a significant step to regulate domestic LPG supply by extending the minimum gap between cylinder bookings from 21 days to 25 days.
Sources in the Petroleum ministry said the move is aimed at preventing black marketing and hoarding of LPG cylinders.
It will ensure that domestic households get a fair and timely supply of LPG.
According to ministry officials, some consumers had been booking cylinders too frequently as if in a panic mode, which could create shortages in certain areas.
Even as the global energy markets remain volatile due to the US-Iran war and tensions in the Gulf region, Union Petroleum Minister Hardeep Singh Puri said recently said there is no shortage of energy in India and there is no cause for worry for its energy consumers.
India has been in contact with countries like Algeria, Australia, Canada and Norway to secure additional LPG supplies in an effort to maintain steady availability.
Price of LPG cylinder has been hiked by Rs 60, but petrol and diesel prices are expected to remain stable unless crude oil crosses $130 per barrel from the current rate of $100 per barrel.
