Middle East tensions cause India's "gas shortage" crisis, leading to the closure of about 30% of restaurants and hotels

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Amid the ongoing tensions in the Middle East, India is experiencing a shortage of liquefied petroleum gas (LPG), severely impacting the daily lives of the public. About 30% of restaurants and hotels across the country have been forced to close due to the “gas shortage.” The Indian government has decided to increase the sales quota for commercial liquefied petroleum gas starting from the 23rd. India is currently the world’s second-largest buyer of liquefied petroleum gas, with approximately 60% of its LPG relying on imports, about 90% of which is transported through the Strait of Hormuz. Following the military strikes by the United States and Israel on Iran on February 28, passage through the Strait of Hormuz has been hindered, directly impacting India’s LPG supply. Although the Indian government has requested domestic refineries to increase LPG production, priority can only be given to key sectors such as healthcare and education.

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