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No Need For Panic : Oil Ministry On LPG Bookings

Oil Ministry officials assured that normal delivery cycle of 2.5 days is maintained.

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No Need For Panic, Normal Delivery Cycle Of 2.5 Days Maintained: Oil Ministry on LPG bookings

New Delhi, Mar 11 (PTI) Amid the ongoing West Asia conflict, a senior Oil Ministry official on Wednesday said that there is no need for panic booking of LPG cylinders, and that the normal delivery cycle of two-and-a-half days is being maintained.India's crude oil supplies remain secure, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, told reporters at a briefing.

Crude oil is being sourced from non-Strait of Hormuz routes, she said.

Government measures have led to a 25 per cent rise in LPG production, according to the ministry.

She said that there is no need for panic booking of cooking gas cylinders and assured that the normal delivery cycle for domestic households remains at two-and-a-half days.

"Feedback suggests that some panic booking and hoarding behaviour by miss-information. I want to clarify that our normal deliver cycle for domestic LPG remains around two-and-a-half days, so I request...there is no need for customers to rush-book the cylinders... there is no need for panic booking," she said.

State governments have been asked to take preventive actions to prevent hoarding and black marketing of fuel, according to the ministry.

"India's crude supply remains secure. Our daily consumption is about 55 lakh barrels...through diversified procurement, the volumes we have secured today exceed what would normally have arrived through the Strait of Hormuz during this period," she said.

India imports crude from nearly 40 countries.

The oil marketing companies have secured various crude cargoes from different sources, and as a result of this diversification, about 70 per cent of India's crude imports are now coming from routes outside the Strait of Hormuz, compared with about 55 per cent earlier, she added.

"As I speak to you today, about two LNG cargoes are headed for India, and they will arrive within a few days, which will further strengthen the crude supply position in the country," Sharma said. PTI MBI ANZ HVA

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New Delhi: Amid the ongoing conflict in the West Asia region, the Union government on Wednesday assured consumers that there is no need for panic booking of LPG cylinders, stating that emergency measures taken to manage potential supply disruptions have led to a 25 per cent increase in domestic LPG production.

Officials said consumers need not rush to book additional cylinders as the normal delivery cycle for domestic households remains around 2.5 days, according to a senior official of the ministry of petroleum and natural gas.
Speaking during an inter-ministerial briefing on developments in West Asia, Sujata Sharma, joint secretary in the petroleum and natural gas ministry, said India had taken several steps to safeguard LPG and crude oil supplies amid rising geopolitical tensions.
“India currently imports around 60 per cent of its LPG requirements, and nearly 90 per cent of these imports pass through the Strait of Hormuz. To reduce the risk of shortages, the government has directed domestic refiners and petrochemical companies to maximise LPG production,” she said.
The ministry also urged consumers not to rush for additional cylinder bookings, noting that the normal delivery cycle for domestic LPG continues to remain around two-and-a-half days.
“To manage demand temporarily, the government has increased the minimum gap between LPG bookings from 21 days to 25 days,” Sharma said.
She added that on March 8, the government directed refineries and petrochemical units to maximise LPG production. “All C3 and C4 hydrocarbon streams, including propane, propylene, butane and butene, are being added to the LPG pool and supplied to the three public sector oil marketing companies for domestic distribution. As a result, domestic LPG production has increased by 25 per cent,” she said.
Sharma further said crude oil is also being sourced through routes that do not pass through the Strait of Hormuz to ensure uninterrupted supply.
“Feedback suggests that some panic booking and hoarding behaviour has been triggered by misinformation. I want to clarify that the normal delivery cycle for domestic LPG remains around two-and-a-half days, so there is no need for consumers to rush to book cylinders,” she said.
Officials added that state governments have been asked to take preventive measures to curb hoarding and black marketing of fuel.
“India’s crude supply remains secure. Our daily consumption is about 55 lakh barrels. Through diversified procurement, the volumes secured today exceed what would normally have arrived through the Strait of Hormuz during this period,” Sharma said.


( Source : Deccan Chronicle )
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