New Delhi, March 22 -- The ongoing conflict in the Middle East and the effective suspension of trade via the crucial Strait of Hormuz has led to supply disruptions for LPG in India, with New Delhi relying mostly on imports to meet its domestic needs.
India relies on imports to meet around 60% of its domestic LPG needs, and crucially, 90% of these imports come via the Middle East, through the Strait of Hormuz.
However, since the US and Israel carried out joint strikes against Iran on 28 February, sparking conflict throughout the Middle East, maritime traffic has effectively grinded to a halt in the Strait of Hormuz, with tankers avoiding transits amid threats of attacks.
With trade suspended, prices of domestic and commercial LPG cylind...
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