India, March 10 -- Several hotel associations across India have reported a shortage of commercial LPG cylinders, just days after the prices of both commercial and domestic gas cylinders were increased nationwide. Hotel associations in Bengaluru and Chennai flagged disruptions, warning that restaurants in the respective cities may be forced to halt operations on Tuesday, March 10, if the LPG supply was not restored.
The development comes amid a hike in oil prices globally due to the ongoing conflict between Iran and the US which has triggered unrest across the Middle East. The situation has triggered concerns of a further spike in energy prices, given Iran's targeting of the Strait of Hormuz, a key shipping lane through which a fifth of t...
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