look news india
New Delhi, Bureau.The growing geo-political tension around the world and the ongoing war between Iran and Israel in the Middle East has now reached your kitchen directly. To prevent challenges in the global supply chain and hoarding of gas at the domestic level, the Central Government has made a major change in the rules of LPG booking. The government has increased the mandatory gap between refill bookings (lock-in period) from 21 days to 25 days. This simply means that now after taking one cylinder, you will not be able to make another booking for the next 25 days.
Decision taken to stop hoarding and chaos
According to intelligence reports received by the government, amidst the news of war, many people were trying to suppress more stocks than necessary. Shocking figures have emerged that consumers who earlier used to book a cylinder on an average of 55 days, started booking again in just 15 days in panic. To stop this chaos and black marketing, the government has taken a strict decision to increase the time interval of booking.
Domestic consumers on ‘priority’, refineries ordered to increase production
According to sources, the government’s stance is clear—”Domestic consumers will always be the priority.” To ensure supply, the government has ordered oil refineries LPG Production Instructions have been given to increase. Also, companies have been ordered to give priority to domestic LPG instead of commercial connections. The Indian government is also looking for new LPG partner countries so that despite the global crisis, there is no shortage of gas in the country.
Brent crude crosses $100, but petrol and diesel prices will not increase in India
Huge fluctuations are being seen in the crude oil (Brent Crude) market. On March 9, crude oil prices crossed $100 per barrel and at one point reached $120, although they later stabilized around $102. Despite this, government officials have made it clear that at present Petrol and diesel prices will not be increased. Government oil marketing companies have enough capacity to handle rising costs, so there is no need for the public to panic or make panic bookings.
Adequate stock of fuel, no need to panic
Petrol pumps are functioning normally in every small and big city of the country. According to Petroleum Ministry sources, there is sufficient stock of petrol, diesel and aviation fuel (ATF) in the country. The government is closely monitoring the situation and ensuring that there is no disruption in the supply chain.