Amid West Asia Crisis, Cooking Gas Prices Raised; India Considers Navy Escort for Stranded Ships
Domestic cooking gas prices were hiked by ₹60 per cylinder, and commercial cylinders by ₹114.50, attributed to a sharp rise in global prices due to the West Asia conflict disrupting tanker movement through the Strait of Hormuz. Non-subsidised LPG now costs ₹913 per 14.2-kg cylinder in Delhi. The government is considering deploying Navy ships to escort Indian-flagged vessels stranded in the Persian Gulf, as India relies heavily on imports via the Strait of Hormuz. Emergency powers have been invoked to ramp up domestic LPG production.
Key Points
- Domestic and commercial cooking gas prices have been significantly increased due to global price surges and disruptions in West Asia.
- The Strait of Hormuz is a crucial waterway for India's crude oil and natural gas imports, and its disruption impacts energy security.
- The Indian government is contemplating deploying Navy ships to escort Indian-flagged vessels in the Persian Gulf to ensure maritime security.
- Emergency powers have been invoked to direct domestic oil refineries to increase LPG production to augment supplies.
Exam Facts
- Domestic cooking gas price hiked by ₹60 per cylinder.
- Non-subsidised LPG now costs ₹913 per 14.2-kg cylinder in Delhi.
- India imports nearly half of its crude oil and about 40% of its natural gas through the Strait of Hormuz.
- The Union government is considering deploying Navy ships to escort vessels in the Persian Gulf.
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