India’s LPG Import Surge Leaves State Fuel Retailers with Excess Inventories
- brg_news_room
- 12 hours ago
- 1 min read
India: State-run refiners Indian Oil Corp. (IOC), Bharat Petroleum Corp. (BPCL) and Hindustan Petroleum Corp. (HPCL) are facing excess LPG inventories after securing imports of up to 40,000 tonnes per day amid concerns over potential disruptions in the Persian Gulf through the Strait of Hormuz. With supply risks easing, daily import requirements have fallen to around 30,000–32,000 tonnes, while domestic LPG production, which had been increased by more than two-thirds to about 54,000 tonnes per day during the crisis, has since been reduced to around 40,000 tonnes per day. Demand has also remained weak, as commercial users such as restaurants and ceramic manufacturers have been slow to switch back from alternative fuels, with LPG consumption averaging 73,000 tonnes per day in June compared with 91,000 tonnes per day in the year ended March.
Source: ET Hospitality World