LPG consumption declines 17.3% in March on war-related shortages: Data

LPG consumption in the country declined by 17.7 per cent in the first fortnight of March due to supply disruptions caused by the war in the Middle East. This information was obtained from preliminary industry data. According to the data, LPG consumption in the country declined to 11.47 lakh tonnes by March 15, which is 17.3 per cent lower than 13.87 lakh tonnes in the first 15 days of March last year. This is 26.3 per cent less than the demand of 15.57 lakh tonnes in the first 15 days of February this year. India imports about 60 per cent of its total LPG requirement, most of which comes through the Strait of Hormuz, controlled by Iran. 

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