The Iran war has seen Tehran choking the Strait of Hormuz, one of the busiest routes for oil and gas supplies. This has resulted in panic buying of LPG cylinders in parts of India. What do officials and experts say? Is there an LPG shortage in India?
When demand spikes even briefly, and supply chains tighten, markets do react with visible stress. Right now, amid the war in Iran, that stress is showing up outside LPG agencies in several towns and cities, including in the National Capital Region (NCR). Long queues of consumers clutching empty LPG cylinders were on Monday seen outside a Bharat Gas agency in Noida’s Sector 22. A viral video from Birdpur village in Uttar Pradesh’s Sitapur district showed at least hundreds of people sitting on their empty LPG cylinders lined up outside a gas agency. The clip went viral on Saturday, March 7.
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