The consequences of Iran’s war with Israel and the US are being felt all over the world. In the international market, crude oil price went up to $114 a barrel, however, on Tuesday it came down to $91. Prices of liquified natural gas have almost doubled within a week. In metros like Bengaluru and Mumbai, several hotels and restaurants have reported shortage of commercial LPG because of disruption in supplies. The Centre has however asked all refiners to ramp up LPG production for domestic use.
