Brief by Shorts91 Newsdesk / 04:02pm on 06 Mar 2026,Friday India
Amid an energy squeeze triggered by the Iran war, India has directed refiners to maximise LPG production and sell it only to state-run companies—Indian Oil Corporation, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited—for domestic use. A government order also asked refiners to avoid using propane and butane, key LPG components, for petrochemical production. The move comes after supply disruptions caused by Iran’s blockade of the Strait of Hormuz and a drone attack that shut Ras Laffan LNG Terminal. With India importing nearly 85% of its energy needs, the government has also secured crude supplies by purchasing Russian Urals oil after receiving a temporary waiver from the United States Department of the Treasury. (PC: AFP)
