India faces a shortage of about 400,000 barrels per day in liquefied petroleum gas supply

Golden Ten Data reported on May 23 that as the world’s third largest liquefied petroleum gas (LPG) consuming country, India is currently facing an LPG supply gap of approximately 400,000 barrels per day (compared to pre-war levels), with domestic production unable to make up for the decline in imports caused by the Iran war. According to energy data analytics company Kpler, India’s LPG imports in April were 377,620 barrels per day, less than half of the 851,870 barrels per day imported in February. In April, India’s domestic daily output increased to 530,000 barrels, an increase of about 75,000 barrels compared to previous figures. Sumit Ritolia, Chief Analyst for Refining and Supply at Kpler, stated that even more critically, India’s domestic LPG production is approaching full capacity, meaning that unless imports fully recover, the supply gap may persist. A black market seller said, “Due to soaring costs, there was a slight slowdown in customer demand in April. But people have no other choice, since switching to alternative fuels is not easy.”