Govt mulls building LPG reserves as Nayara refinery shutdown threatens supply


Govt mulls building LPG reserves as Nayara refinery shutdown threatens supply
Image used for representative purposes

NEW DELHI: The government is considering building liquefied petroleum gas (LPG) reserves as a buffer against potential supply disruptions, a government official said on Monday.The move comes as Nayara Energy is set to shut its Vadinar refinery from April 9–10, a development that is expected to impact LPG supplies in the country, the official added.With the temporary shutdown likely to tighten availability, the government is evaluating options to ensure supply stability, including the creation of LPG reserves.Additionally, addressing the overall Middle East situation with regards to ships passing through Strait of Hormuz, the officials said they were not aware of any payment being charged, amid concerns over global energy supply routes.Refiners delay maintenance workWhile addressing questions around Middle East situation and India’s position, the govt official also stated that Indian refiners have postponed planned maintenance shutdowns of their units to meet local fuel demand.Indian Oil Corporation and Bharat Petroleum Corporation were among the companies that had scheduled routine maintenance at some of their refineries, Sujata Sharma, joint secretary in the federal oil ministry, said.



Source link

  • Related Posts

    Sathankulam custodial deaths of father-son duo: Madurai court awards death sentence to all nine accused cops | Madurai News

    J Beniks (left) and his father P Jeyaraj MADURAI: The first additional district and sessions court in Madurai on Monday awarded death sentence to all the nine cops convicted in…

    Supreme Court asks Bengal’s top bureaucrat to apologise over siege of SIR officers in Malda | India News

    NEW DELHI: The Supreme Court on Monday pulled up the West Bengal chief secretary for “not taking calls of Calcutta high court chief justice” over the Malda incident and asked…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    en_USEnglish