Panic buying of cooking gas as oil surges past USD 100 in shock to global economy - Telegraph India - News Summed Up

Panic buying of cooking gas as oil surges past USD 100 in shock to global economy - Telegraph India


“Some people are trying to create panic on LPG,” Modi told a summit in New Delhi on Thursday. India consumes about 1 million barrels of LPG a day but produces only 40 to 45 per cent of that domestically. To ease the pressure, the government has asked fuel companies to scale back petrochemical production and redirect raw materials to increase LPG output. “Refineries can optimise LPG output by shifting feedstocks away from petrochemical production towards LPG recovery,” says Ritolia. Refineries may be able to raise LPG output by 10 to 20 per cent, which would lift domestic supply to 47 to 50 per cent of demand.


Source: The Telegraph March 13, 2026 04:22 UTC



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