Govt Orders IOC, BPCL, HPCL to Boost LPG Output; Diversifies Global Supply
Govt Orders IOC, BPCL, HPCL to Boost LPG Output; Diversifies Global Supply
- •Government directs IOC, BPCL, HPCL to maximize LPG production from propane and butane streams to ensure adequate supply.
- •India is in discussions with major global oil producers, IEA, and OPEC to secure additional crude oil and LPG supplies.
- •Agreements signed with UAE and US to diversify energy sources; government reviews energy situation twice daily.
- •No immediate global shortage of LPG, LNG, or crude oil; India maintains comfortable stock levels and alternative suppliers.
- •India holds 8 weeks of crude oil and petroleum product inventories, with only 40% of crude imports via Strait of Hormuz.
