New Delhi: State-owned Indian Oil Corp (IOC) on Thursday said it has tied up additional LPG imports in April and May to ensure uninterrupted supplies of cooking gas during the nationwide lockdown to contain coronavirus pandemic.
In a statement, IOC said it has tied up additional import “to the tune of about 50 per cent over normal imports to ensure uninterrupted availability”.
Indian refiners have been forced to cut refinery run rates as shutting down of factories, suspension of flights, stopping of trains and vehicular traffic going off roads shrank demand. Since LPG is produced alongside petrol, diesel and kerosene when crude oil is processed, its availability from domestic refineries has reduced.
