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		<title>Modi Live: Navigating the West Asia Crisis</title>
		<link>https://thebusinessnews.in/modi-live-navigating-the-west-asia-crisis/</link>
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		<dc:creator><![CDATA[Kavya Menon]]></dc:creator>
		<pubDate>Wed, 25 Mar 2026 05:29:15 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Crisis Management]]></category>
		<category><![CDATA[energy security]]></category>
		<category><![CDATA[Global Diplomacy]]></category>
		<category><![CDATA[Gulf Countries]]></category>
		<category><![CDATA[Humanitarian Efforts]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Indian Expatriates]]></category>
		<category><![CDATA[Modi Live]]></category>
		<category><![CDATA[West Asia conflict]]></category>
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					<description><![CDATA[<p>As the West Asia conflict intensifies, Prime Minister Modi addresses the nation, highlighting India's strategic responses and humanitarian efforts.</p>
<p>The post <a href="https://thebusinessnews.in/modi-live-navigating-the-west-asia-crisis/">Modi Live: Navigating the West Asia Crisis</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>How it unfolded</h2>
<p>As tensions escalated in West Asia, the world watched with bated breath. The crisis, now ongoing for more than three weeks, has sent shockwaves through the region and beyond. Prime Minister Narendra Modi, aware of the profound implications for India, has been at the forefront, engaging with leaders from Gulf countries, Iran, Israel, and the United States to navigate this complex situation.</p>
<p>On the ground, the repercussions of the conflict are being felt acutely. Nearly <strong>one crore Indians</strong> live and work in Gulf nations, making them particularly vulnerable to the unrest. In response to the escalating violence, the Indian government has established 24/7 control rooms and emergency helplines to assist its citizens abroad. Since the onset of the war, more than <strong>3,75,000 Indians</strong> have safely returned to India, a testament to the government&#8217;s commitment to safeguarding its people.</p>
<p>In a recent address, PM Modi emphasized the urgency of the situation, stating, &#8220;The whole world is urging all parties for the earliest possible resolution of this crisis.&#8221; His words resonate with the growing anxiety among Indian families with loved ones in the conflict zones. The Prime Minister further highlighted, &#8220;India’s concerns are naturally greater, and therefore it is essential that a united and unanimous voice goes out to the world from India’s Parliament on this crisis.&#8221; This call for unity underscores the gravity of the situation and the need for a cohesive national response.</p>
<p>Amidst these developments, India is also focusing on its energy security. With a Strategic Petroleum Reserve exceeding <strong>53 lakh metric tonnes</strong>, the country is better positioned to withstand potential disruptions in oil supply. Over the past 11 years, India has expanded its energy import sources from <strong>27 to 41 countries</strong>, diversifying its energy portfolio to mitigate risks associated with geopolitical tensions.</p>
<p>Moreover, the conflict has prompted the cancellation of scheduled Class 10th and 12th examinations in Indian schools across Gulf countries, further illustrating the widespread impact of the crisis on daily life. PM Modi has assured that the government is continuously monitoring global developments to protect consumer and industry interests, indicating a proactive approach in these turbulent times.</p>
<p>In his recent interactions, Modi has raised critical issues such as de-escalation and the reopening of the Strait of Hormuz, a vital passage for global oil shipments. He stated, &#8220;Continuous efforts are also underway to determine how we can overcome the disruptions that have occurred in the supply chain.&#8221; This reflects India&#8217;s strategic foresight in addressing not just immediate concerns but also long-term implications for its economy and energy security.</p>
<p>As the situation evolves, the Indian government remains vigilant, balancing humanitarian efforts with national interests. The ongoing crisis in West Asia has created unprecedented economic, national security, and humanitarian pressures for India, making the stakes higher than ever. The Prime Minister&#8217;s leadership during this tumultuous period will be crucial in shaping India&#8217;s response and ensuring the safety of its citizens abroad.</p>
<p>With the world watching, the unfolding events in West Asia will undoubtedly have lasting implications for India&#8217;s foreign policy and its relationship with the Gulf nations. As PM Modi continues to engage with international leaders, the hope remains that a peaceful resolution can be achieved swiftly, allowing for the safe return of all Indians affected by the conflict.</p>
<p>The post <a href="https://thebusinessnews.in/modi-live-navigating-the-west-asia-crisis/">Modi Live: Navigating the West Asia Crisis</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
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		<title>Modi Live: Navigating the West Asia Conflict</title>
		<link>https://thebusinessnews.in/modi-live-navigating-the-west-asia-conflict/</link>
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		<dc:creator><![CDATA[Priyanka Nair]]></dc:creator>
		<pubDate>Tue, 24 Mar 2026 16:52:37 +0000</pubDate>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[energy security]]></category>
		<category><![CDATA[Global Diplomacy]]></category>
		<category><![CDATA[Gulf Countries]]></category>
		<category><![CDATA[Humanitarian Efforts]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Indian Expatriates]]></category>
		<category><![CDATA[Modi Live]]></category>
		<category><![CDATA[West Asia conflict]]></category>
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					<description><![CDATA[<p>As the West Asia conflict continues, Prime Minister Modi's leadership is pivotal in addressing the challenges faced by India and its citizens abroad.</p>
<p>The post <a href="https://thebusinessnews.in/modi-live-navigating-the-west-asia-conflict/">Modi Live: Navigating the West Asia Conflict</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>How it unfolded</h2>
<p>As the sun set over New Delhi on a tense October evening, the gravity of the West Asia conflict loomed large, casting a shadow over the lives of millions. The crisis, which has now persisted for more than three weeks, has not only raised alarms about regional stability but has also put the spotlight on India&#8217;s extensive trade relations with the countries embroiled in the turmoil. With nearly <strong>one crore Indians</strong> living and working in Gulf nations, the stakes could not be higher.</p>
<p>In the days following the outbreak of hostilities, Prime Minister Narendra Modi took to the airwaves, addressing the nation and the world. &#8220;The whole world is urging all parties for the earliest possible resolution of this crisis,&#8221; he stated emphatically, underscoring India&#8217;s commitment to peace and stability in the region. His words resonated deeply, especially as more than <strong>3,75,000 Indians</strong> have returned home safely since the conflict began, highlighting the urgency of the situation.</p>
<p>Modi&#8217;s government has been proactive in its response, establishing 24/7 control rooms and emergency helplines to assist Indians abroad. This initiative reflects a broader strategy to safeguard the interests of Indian citizens and maintain a robust presence in the Gulf. The Prime Minister has also engaged with leaders from Gulf countries, Iran, Israel, and the United States, emphasizing the need for de-escalation and the reopening of vital trade routes such as the Strait of Hormuz.</p>
<p>As the crisis unfolded, the Indian government continuously monitored global developments to protect consumer and industry interests. Modi noted, &#8220;Continuous efforts are also underway to determine how we can overcome the disruptions that have occurred in the supply chain.&#8221; This vigilance is crucial, given that India has expanded its energy import sources from <strong>27 to 41 countries</strong> over the past 11 years, ensuring a diversified energy portfolio amid rising tensions.</p>
<p>In a significant move, the Central Board of Secondary Education (CBSE) announced the cancellation of scheduled Class 10th and 12th examinations in Indian schools across the Gulf countries, a decision that reflects the seriousness of the situation. The education of countless students has been disrupted, but safety remains the priority as the conflict continues to escalate.</p>
<p>On the energy front, India is well-prepared, boasting a Strategic Petroleum Reserve of more than <strong>53 lakh metric tonnes</strong>. This reserve is a critical asset that provides a buffer against potential supply shocks resulting from the ongoing conflict. Additionally, India&#8217;s solar power capacity has surged from approximately <strong>3 gigawatts to 140 gigawatts</strong> in the past decade, showcasing the nation&#8217;s commitment to sustainable energy solutions.</p>
<p>As the conflict shows no signs of abating, the Indian government is faced with unprecedented economic, national security, and humanitarian pressures. Modi&#8217;s leadership during this crisis is pivotal, as he seeks to unify the nation’s voice on the global stage. &#8220;India’s concerns are naturally greater, and therefore it is essential that a united and unanimous voice goes out to the world from India’s Parliament on this crisis,&#8221; he remarked, emphasizing the need for solidarity in these trying times.</p>
<p>Currently, the situation remains fluid, with diplomatic efforts ongoing and the safety of Indian citizens abroad at the forefront of the government&#8217;s agenda. The ramifications of this conflict extend far beyond borders, affecting not only the lives of expatriates but also the economic stability of India itself. As the world watches, the actions taken now will shape the future of India&#8217;s role in West Asia and its commitment to protecting its citizens.</p>
<p>The post <a href="https://thebusinessnews.in/modi-live-navigating-the-west-asia-conflict/">Modi Live: Navigating the West Asia Conflict</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
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		<title>Petrol Shortage in Ahmedabad Sparks Panic Buying</title>
		<link>https://thebusinessnews.in/petrol-shortage-in-ahmedabad/</link>
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		<dc:creator><![CDATA[Priyanka Nair]]></dc:creator>
		<pubDate>Tue, 24 Mar 2026 03:06:20 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Trending]]></category>
		<category><![CDATA[Ahmedabad]]></category>
		<category><![CDATA[fuel supply]]></category>
		<category><![CDATA[Gujarat]]></category>
		<category><![CDATA[Harsh Sanghavi]]></category>
		<category><![CDATA[Indian Oil Corporation]]></category>
		<category><![CDATA[panic buying]]></category>
		<category><![CDATA[petrol shortage]]></category>
		<category><![CDATA[West Asia conflict]]></category>
		<guid isPermaLink="false">https://thebusinessnews.in/petrol-shortage-in-ahmedabad/</guid>

					<description><![CDATA[<p>A sudden panic over petrol shortages in Ahmedabad has led to long queues at fuel stations, despite government assurances of sufficient supplies.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-shortage-in-ahmedabad/">Petrol Shortage in Ahmedabad Sparks Panic Buying</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>In the bustling city of Ahmedabad, a wave of panic buying has swept through fuel stations, with long queues forming as residents scramble to fill their tanks. This unexpected situation has arisen against a backdrop of misinformation and rising global oil prices, primarily fueled by the ongoing conflict in West Asia. As fears of a petrol shortage grip the city, the state government has stepped in to reassure citizens that there is no need for alarm.</p>
<p>Deputy Chief Minister Harsh Sanghavi has been vocal in urging the public not to succumb to panic. &#8220;There is enough stock of petrol and diesel available in the state and so people need not do hoarding or panic,&#8221; he stated, emphasizing that the government is closely monitoring the fuel supply situation. His comments come as approximately 30-40% of retail outlets in Gujarat face supply issues due to logistical difficulties, yet the overall supply remains stable.</p>
<p>The Indian Oil Corporation has also confirmed that adequate stocks of petrol and diesel are available in the region, countering the rumors that have led to widespread panic. &#8220;These are not dry outs. We have checked it from the field and all petrol pumps are working normally and adequate fuel is available at all such facilities,&#8221; said Sujata Sharma, a spokesperson for the corporation. This reassurance is crucial as many residents have been misled by misinformation circulating on social media platforms regarding fuel availability.</p>
<p>The panic buying situation has been exacerbated by a sudden change in payment systems implemented by oil marketing companies, which has left some petrol pumps temporarily shut down due to supply issues. The advance payment policy was introduced as a response to refining losses faced by these companies, further complicating the situation for consumers.</p>
<p>Amidst the chaos, the price of crude oil has surged from USD 60 to USD 118-120 per barrel, a significant increase that has raised concerns about the future of fuel prices. However, officials have reiterated that India currently has a 70-day reserve of crude oil, indicating that there is no immediate threat of a fuel shortage. The government is fully prepared to ensure that petrol and diesel are available at all pumps, with regular review meetings being held to assess the situation.</p>
<p>As the situation unfolds, citizens are urged to remain calm and not to pay attention to the rumors being spread through social media or WhatsApp. Harsh Sanghavi has called for a collective effort to dispel misinformation, stating, &#8220;People should not pay attention to rumours being spread through social media or WhatsApp.&#8221; This call to action is essential as the government works to stabilize the supply chain and restore normalcy.</p>
<h2>The wider picture</h2>
<p>The panic was reportedly caused by misinformation related to the ongoing conflict in West Asia, which has raised global concerns about oil supply. As the situation continues to develop, observers are keenly watching how the government will address the logistical challenges faced by fuel retailers and the impact of rising crude oil prices on local markets. With the assurance of sufficient reserves and a commitment to transparency, officials hope to quell the fears of the public and restore confidence in the fuel supply system.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-shortage-in-ahmedabad/">Petrol Shortage in Ahmedabad Sparks Panic Buying</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
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		<title>Petrol Price Chennai: Current Rates and Market Influences</title>
		<link>https://thebusinessnews.in/petrol-price-chennai-2/</link>
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		<dc:creator><![CDATA[Priyanka Nair]]></dc:creator>
		<pubDate>Thu, 12 Mar 2026 04:05:14 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Chennai]]></category>
		<category><![CDATA[crude oil]]></category>
		<category><![CDATA[diesel price]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[fuel prices]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[market trends]]></category>
		<category><![CDATA[petrol price]]></category>
		<category><![CDATA[West Asia conflict]]></category>
		<guid isPermaLink="false">https://thebusinessnews.in/petrol-price-chennai-2/</guid>

					<description><![CDATA[<p>The petrol price in Chennai has reached ₹100.80 per litre amidst global market fluctuations. Government sources assure stability despite concerns.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-price-chennai-2/">Petrol Price Chennai: Current Rates and Market Influences</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Current Petrol Prices in Chennai</h2>
<p>As of March 11, 2026, the petrol price in Chennai stands at <strong>₹100.80 per litre</strong>. This price point reflects ongoing trends in the global oil market and local taxation policies. Diesel is priced at <strong>₹92.39 per litre</strong>, which also mirrors the fluctuations in crude oil prices.</p>
<h2>Market Influences and Immediate Circumstances</h2>
<p>The current crude oil price is approximately <strong>$90 per barrel</strong>, a figure that significantly influences petrol and diesel pricing across India. Government sources have indicated that despite the ongoing conflict in West Asia, which has raised concerns about fuel supply, petrol and diesel prices are expected to remain unchanged. They noted that prices would only increase if crude oil surpasses <strong>$130 per barrel</strong>.</p>
<h2>Fuel Supply and Reserves</h2>
<p>India imports nearly <strong>90%</strong> of its crude oil requirements, making the country particularly sensitive to global price changes. However, officials have reassured the public that India has sufficient fuel reserves, with approximately <strong>250 million barrels</strong> of crude and refined petroleum products currently held in stock. This reserve is expected to provide a supply buffer of around <strong>7-8 weeks</strong>, ensuring that the market can withstand short-term disruptions.</p>
<h2>Public Concerns and Reactions</h2>
<pDespite the assurances from government sources, there are public concerns regarding fuel availability. Dhruv Ruparel, a local resident, expressed that "There is a shortage of LPG, and people are speculating that there's a shortage of petrol and diesel as well." This sentiment reflects a broader anxiety among consumers about potential supply issues, even as officials maintain that the current stock levels are adequate.</p>
<h2>Wider Context of Fuel Pricing</h2>
<p>The fluctuations in petrol prices are not just a local issue but are influenced by global market dynamics. The ongoing conflict in West Asia has historically impacted oil prices, leading to speculation about future increases. However, government sources have reiterated that &#8220;Petrol and Diesel prices are unlikely to increase as we have enough stock,&#8221; aiming to quell fears of rising costs.</p>
<h2>Looking Ahead</h2>
<p>As the situation develops, the stability of petrol prices in Chennai will depend on both global crude oil prices and local demand. With the current market conditions, consumers are advised to stay informed about potential changes, especially if crude oil prices begin to rise significantly.</p>
<p>In summary, the petrol price in Chennai remains at ₹100.80 per litre, with government assurances of stability despite external pressures. As the market evolves, consumers will be watching closely for any shifts that may affect fuel costs in the coming weeks.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-price-chennai-2/">Petrol Price Chennai: Current Rates and Market Influences</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
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		<title>Petrol Price Chennai Hits ₹100.80 per Litre Amid Global Concerns</title>
		<link>https://thebusinessnews.in/petrol-price-chennai/</link>
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		<dc:creator><![CDATA[Kavya Menon]]></dc:creator>
		<pubDate>Wed, 11 Mar 2026 17:13:26 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Chennai]]></category>
		<category><![CDATA[crude oil]]></category>
		<category><![CDATA[diesel price]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[fuel prices]]></category>
		<category><![CDATA[India]]></category>
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		<category><![CDATA[West Asia conflict]]></category>
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					<description><![CDATA[<p>Petrol prices in Chennai have reached ₹100.80 per litre, raising concerns amid ongoing global tensions. Government sources assure stability in fuel pricing.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-price-chennai/">Petrol Price Chennai Hits ₹100.80 per Litre Amid Global Concerns</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Petrol Price Chennai Hits ₹100.80 per Litre</h2>
<p>On March 11, 2026, petrol prices in Chennai have surged to ₹100.80 per litre, a significant milestone that has drawn attention from consumers and analysts alike. This increase comes amidst ongoing global tensions, particularly the conflict in West Asia, which has historically influenced fuel prices worldwide.</p>
<p>The current diesel price in Chennai stands at ₹92.39 per litre. These figures reflect not only local market conditions but also the broader context of global crude oil prices, which are currently around $90 per barrel. Experts note that petrol prices in India are closely tied to these global fluctuations, as well as local taxation policies.</p>
<p>Despite the rising prices, government sources have indicated that there will be no immediate changes to petrol and diesel prices, even in light of the West Asia conflict. Officials have stated that petrol and diesel prices are unlikely to increase unless crude oil prices exceed $130 per barrel. This threshold provides a buffer for consumers, ensuring that prices remain stable for the time being.</p>
<p>India&#8217;s fuel security is bolstered by its substantial reserves and supply arrangements. The country holds approximately 250 million barrels of crude and refined petroleum products, which provides a supply buffer of about 7-8 weeks. This strategic reserve is crucial, especially as India imports nearly 90% of its crude oil requirements, making it vulnerable to international market shifts.</p>
<p>Concerns about fuel shortages have been voiced by some members of the public. Dhruv Ruparel, a local resident, commented, &#8220;There is a shortage of LPG, and people are speculating that there&#8217;s a shortage of petrol and diesel as well.&#8221; Such sentiments reflect the anxiety among consumers regarding the stability of fuel supplies in the current geopolitical climate.</p>
<p>However, government assurances emphasize that there is sufficient stock available to meet demand. A government spokesperson stated, &#8220;Petrol and Diesel prices are unlikely to increase as we have enough stock.&#8221; This statement aims to alleviate fears of potential shortages and price hikes in the near future.</p>
<p>As the situation develops, the focus remains on how global events will continue to impact local fuel prices. While the current price of petrol in Chennai has reached a notable level, the government&#8217;s commitment to maintaining stability in fuel pricing will be closely monitored by consumers and industry stakeholders alike.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-price-chennai/">Petrol Price Chennai Hits ₹100.80 per Litre Amid Global Concerns</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
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		<title>Petrol price bangalore: Current : ₹102.92 per Litre</title>
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		<dc:creator><![CDATA[Rohan Agarwal]]></dc:creator>
		<pubDate>Wed, 11 Mar 2026 08:32:26 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[auto services]]></category>
		<category><![CDATA[Bangalore]]></category>
		<category><![CDATA[Bengaluru]]></category>
		<category><![CDATA[crude oil]]></category>
		<category><![CDATA[diesel price]]></category>
		<category><![CDATA[fuel prices]]></category>
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		<category><![CDATA[West Asia conflict]]></category>
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					<description><![CDATA[<p>The petrol price in Bangalore has reached ₹102.92 per litre, with rising concerns about fuel supply due to international conflicts.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-price-bangalore-2/">Petrol price bangalore: Current : ₹102.92 per Litre</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Impact of Current Petrol Prices</h2>
<p>The petrol price in Bengaluru has reached ₹102.92 per litre as of March 11, 2026. This increase has significant implications for local transportation and the cost of living in the city. Diesel is also priced at ₹88.99 per litre, reflecting a broader trend in fuel pricing across India, where prices have remained unchanged on the same date.</p>
<p>International crude oil prices are currently hovering around $90 per barrel, which has contributed to the local pricing dynamics. Despite these price levels, government sources have confirmed that there is no shortage of petrol and diesel at any pump in the country, alleviating immediate concerns for consumers.</p>
<h2>Concerns Over LPG Supply</h2>
<p>However, the situation is complicated by rising concerns regarding LPG supply, particularly among auto drivers in Bengaluru. Most autorickshaws in the city operate on LPG, and drivers are currently paying nearly ₹79 per litre for this fuel. The ongoing conflict in West Asia has raised fears that supply chains could be disrupted, leading to potential shortages.</p>
<p>Dhruv Ruparel, a local driver, expressed concerns, stating, &#8220;There is a shortage of LPG, and people are speculating that there&#8217;s a shortage of petrol and diesel as well.&#8221; This sentiment is echoed by T.M. Rudramurthy, who warned that if the supply chain is affected due to the ongoing conflict, it will directly impact auto services across the city.</p>
<p>Prasanath Kumar also highlighted the precarious nature of the current supply situation, noting, &#8220;While there is no immediate shortage, delays in supply from distributors could quickly lead to fuel scarcity.&#8221; This uncertainty adds to the anxiety among consumers and drivers alike.</p>
<h2>Looking Ahead</h2>
<p>As the situation evolves, the impact of international events on local fuel prices and availability remains a critical concern for residents of Bengaluru. Details remain unconfirmed regarding any potential changes in supply or pricing in the coming weeks, leaving many to watch closely for further developments.</p>
<p>The post <a href="https://thebusinessnews.in/petrol-price-bangalore-2/">Petrol price bangalore: Current : ₹102.92 per Litre</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
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		<title>Indian Gas Shortage Amid West Asia Conflict</title>
		<link>https://thebusinessnews.in/indian-gas-shortage-amid-west-asia-conflict/</link>
					<comments>https://thebusinessnews.in/indian-gas-shortage-amid-west-asia-conflict/#respond</comments>
		
		<dc:creator><![CDATA[Priyanka Nair]]></dc:creator>
		<pubDate>Tue, 10 Mar 2026 08:47:09 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[cooking gas]]></category>
		<category><![CDATA[energy crisis]]></category>
		<category><![CDATA[GAIL]]></category>
		<category><![CDATA[Indian gas]]></category>
		<category><![CDATA[LPG]]></category>
		<category><![CDATA[natural gas]]></category>
		<category><![CDATA[oil refining]]></category>
		<category><![CDATA[Petronet LNG]]></category>
		<category><![CDATA[supply chain]]></category>
		<category><![CDATA[West Asia conflict]]></category>
		<guid isPermaLink="false">https://thebusinessnews.in/indian-gas-shortage-amid-west-asia-conflict/</guid>

					<description><![CDATA[<p>Indian families are experiencing a severe cooking gas shortage as the conflict in West Asia disrupts supply chains, leading to rising prices and concerns over availability.</p>
<p>The post <a href="https://thebusinessnews.in/indian-gas-shortage-amid-west-asia-conflict/">Indian Gas Shortage Amid West Asia Conflict</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Indian Gas Shortage Amid West Asia Conflict</h2>
<p>Indian families face an acute cooking gas shortage due to the ongoing conflict in West Asia, which has disrupted supply chains. As the world&#8217;s second-largest buyer of liquefied petroleum gas (LPG), India sources over 90% of its supplies from the Middle East, making it particularly vulnerable to geopolitical tensions.</p>
<p>In the fiscal year 2024-25, India consumed 31.3 million tonnes of LPG but produced only 12.8 million tonnes domestically. This heavy reliance on imports has raised concerns about the availability of cooking gas for the approximately 33 crore active LPG connections in the country.</p>
<p>The Ministry of Petroleum and Natural Gas has responded by ordering all oil refining companies to maximize LPG production to meet household needs. &#8220;All oil refining companies operating in India shall maximise and ensure that Propane and Butane streams produced, recovered, fractionated or otherwise available with them are utilised for production of liquefied petroleum gas (LPG),&#8221; the ministry stated.</p>
<p>As a direct consequence of the supply issues, the price of a 14.2kg domestic LPG cylinder has increased by Rs 60, reaching Rs 913 in Delhi. This price hike is particularly concerning for households that rely heavily on LPG for cooking.</p>
<p>Approximately 54% of India&#8217;s total natural gas consumption is met through liquefied natural gas (LNG) imports. However, GAIL reported that its long-term supplier, Petronet LNG Limited, issued a force majeure notice, reducing LNG allocations to zero. This has raised alarms about potential supply curtailments.</p>
<p>The crisis intensified last week when Qatar, one of India’s top-three suppliers of natural gas, declared a production stoppage for LNG and associated products. GAIL is currently assessing the situation regarding any supply curtailment that may need to be imposed on its downstream customers.</p>
<p>Public sector oil marketing companies have locked in 2.2 million tonnes of US Gulf Coast imports for 2026, which accounts for about 10% of India&#8217;s annual needs. However, the ongoing conflict raises uncertainties about whether these measures will be sufficient to stabilize the situation.</p>
<p>India&#8217;s heavy reliance on imports that come through the Strait of Hormuz has made total price protection challenging. With 85-90% of LPG imports passing through this critical chokepoint, any disruption can have significant repercussions on domestic supply.</p>
<p>Details remain unconfirmed regarding the exact impact of the ongoing West Asia conflict on future gas supplies. Additionally, the long-term viability of production at current spot prices remains in question, as the situation continues to evolve.</p>
<p>The post <a href="https://thebusinessnews.in/indian-gas-shortage-amid-west-asia-conflict/">Indian Gas Shortage Amid West Asia Conflict</a> appeared first on <a href="https://thebusinessnews.in">The Business News</a>.</p>
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