India may see nearly 50% drop in LPG imports in March amid US-Iran war: Report
Liquefied Petroleum Gas (LPG) imports to India are likely to halve this month due to the war in Iran and the blockage of the strategic Strait of Hormuz, Reuters reported, citing traders and ship-tracking data.
India imports 60% of its LPG needs, with 85-90% of this being sourced from Gulf countries like Saudi Arabia and the UAE, which use the Strait of Hormuz as transit for shipping oil and gas to users. The strait has been effectively closed since the first week of March.
