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Government Mandates IOC, BPCL, HPCL to Prioritize LPG Production from Propane and Butane
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Govt Orders IOC, BPCL, HPCL to Boost LPG Output; Diversifies Global Supply
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News18
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06-03-2026, 11:22
Govt Orders IOC, BPCL, HPCL to Boost LPG Output; Diversifies Global Supply
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Government directs IOC, BPCL, HPCL to maximize LPG production from propane and butane streams to ensure adequate supply.
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India is in discussions with major global oil producers, IEA, and OPEC to secure additional crude oil and LPG supplies.
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Agreements signed with UAE and US to diversify energy sources; government reviews energy situation twice daily.
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No immediate global shortage of LPG, LNG, or crude oil; India maintains comfortable stock levels and alternative suppliers.
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India holds 8 weeks of crude oil and petroleum product inventories, with only 40% of crude imports via Strait of Hormuz.
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