Domestic LPG production up 25%, no need for panic booking: Ministry of Petroleum

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Panic booking of LPG has been triggered by misinformation. This is a global crisis, but securing energy needs are top priority, the government said.

Government has said domestic LPG production has been enhanced by 25%.
Government has said domestic LPG production has been enhanced by 25%. | Credits: Getty Images

The government today said domestic LPG production has been enhanced by 25% with the measures taken in the last couple of years and India has secured its crude oil supply. 

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"60% of our LPG requirement depends on imports. 90% of the LPG imports happen via the Gulf for Hormuz. Refineries have been asked to maximise LPG production. Priority has been given to household supply," said Sujata Sharma, joint secretary, ministry of petroleum and natural gas. 

On crude oil, Sharma said the government has secured crude oil supplies over and above the 53 lakh barrel daily requirement by tapping into alternative destinations for crude oil. "70% crude oil is coming from outside the Gulf of Hormuz compared with 55% earlier," said Sharma. 

"Two crude cargoes are on way to India as we talk. Oil refineries are operating at highest capacity," Sharma added. 

What is the status of LNG imports? 

Sharma said 189 mmscmd is the daily LNG requirement in the country. "Out of this 97.5 mmscmd is being produced domestically. Supply of 47.5 mmscmd has been affected due to the force majeure clause imposed by the Gulf nations on LNG exports," Sharma said. 

Sharma said LNG procurement via alternative sources is also currently underway. "Two LNG cargoes are currently on their way to India," she said. 

Sharma said panic booking of LPG has been triggered by misinformation. "This is a global crisis, but energy needs are top priority.  

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“India’s energy imports are continuing to flow in from different sources and routes. We have taken steps to ensure that 100% supply of CNG & PNG to domestic consumers is ensured and other industries continue to get 70-80% of their supplies, despite the war situation,” the petroleum ministry earlier said. 

“We are committed to ensure an uninterrupted supply of affordable energy to our domestic consumers. There is no shortage for domestic consumers and no reason to panic,” the ministry had added. 

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The shipping ministry has said a total of 28 Indian ships are currently in the Persian Gulf. 24 are on the west side of Hormuz with 677 personnel and 4 with 101 personnel are on the Eastern side. "The government is closely monitoring the evolving situation," said Rajesh Kumar Sinha, joint secretary in the ministry of shipping. 

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