Govt ramps up measures to ensure fuel, LPG supplies
The Government has stepped up measures to secure fuel and gas supplies amid the closure of the Strait of Hormuz, while urging citizens to avoid panic buying as sporadic rushes were reported at fuel stations.
In a statement, giving an update on developments following the war in West Asia, the oil ministry said refineries are operating at high capacity with adequate crude inventories, and stocks of petrol and diesel remain sufficient nationwide. Retail outlets are functioning normally, even as rumours triggered temporary spikes in demand in some states.
“There were certain rumours, which led to panic buying at some retail outlets in a few states, resulting in unusually high sales and heavy crowding at retail outlets. However, it is informed that there are adequate stocks of petrol and diesel available at all petrol pumps in the country,” it said.
To boost domestic availability, the Government has cut excise duty on petrol and diesel by `10 per litre and imposed export levies of `21.50 per litre on diesel and `29.50 per litre on aviation turbine fuel (ATF).
In the gas sector, supplies have been prioritised for households and transport, with 100 per cent allocation to piped natural gas (PNG) and CNG, while industrial and commercial users are receiving about 80 per cent of average consumption. Fertiliser plants are being supplied at 70-75 per cent, with additional LNG cargoes being sourced, it said.
The ministry said the expansion of city gas distribution networks is being accelerated by streamlining approvals and pushing a shift from LPG to piped natural gas (PNG). Daily refill deliveries exceeded 55 lakh cylinders, and measures to curb diversion have been tightened, it said.
Commercial LPG supply has been gradually restored to about 70 per cent of pre-crisis levels, with priority given to hospitality, food services and key industries.
Two more Indian LPG tankers carrying day’s cooking gas cross Strait of Hormuz
New Delhi: Two more Indian-flagged LPG tankers, carrying roughly a day’s supply of the country’s cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores in the next couple of days. “Two LPG carriers, BW TYR and BW ELM, carrying a combined LPG cargo of about 94,000 tonnes, have safely transited the region and are moving towards Indian shores,” an official statement said. While BW TYR is proceeding towards Mumbai with an expected arrival on March 31, BW ELM is en route to New Mangalore with an estimated arrival date of April 1. The US and Israel attacks on Iran and Tehran’s sweeping retaliation have all but halted shipping through the strait - the narrow shipping lane that is a conduit for oil and gas exports from Gulf countries to the world. Iran, however, last week said “non-hostile vessels” may transit the waterway after coordinating with Iranian authorities.
Previously, four Indian-flagged LPG tankers had safely sailed through the strait. Pine Gas and Jag Vasant, carrying 92,612 tonnes of LPG, reached Indian ports between March 26 and March 28. Prior to that, MT Shivalik and MT Nanda Devi, carrying about 92,712 tonnes of LPG, had reached Mundra port in Gujarat on March 16 and Kandla port in the state on March 17, respectively.
