LPG cylinder shortage: With the LPG supply squeeze impacting hotels, businesses and even domestic consumers due to longer waiting periods and panic bookings, the Center has asked states to expedite approvals for piped gas projects to enable faster rollout and ease pressure on cooking gas availability. As the war in Middle East, which blocked India’s…
The conflict involving Iran and the Israel-US is beginning to impact India’s energy market, with natural gas and LPG supplies tightening as disruptions in the Strait of Hormuz affect global shipments. India relies heavily on imported gas to meet domestic demand. The Strait of Hormuz is one of the world’s most critical energy transit routes….
The effect of increasing tension in West Asia is now visible on India’s energy system as well. After the Iran crisis, the movement of ships in the Strait of Hormuz was affected and due to stoppage of LNG production in Qatar, India’s natural gas supply chain has suffered a major blow. Many big gas companies…
stock market today: The Indian equity market ended in the red on Monday, March 2, closing with losses of more than 1% amid escalating tensions in the Middle East that rattled global markets. The Nifty 50 fell 1.24% to close at 24,865, while the BSE Sensex slipped 1.29% to settle at 80,238. The broader market…
