Iran Israel USA War: The Indian government has claimed that there is absolutely no shortage of petrol or diesel in the country. It added that citizens should not worry about any myths or unfounded claims raised on social media or any other channels.
US Allows India To Buy Russian Crude Oil
The United States has temporarily waved sanctions on India to purchase Russian oil that is presently stranded at sea amid the Middle East crisis. US Treasury Secretary Scott Bessen remarked the waiver for 30 days was a deliberate short-term measure” so there is no shortage of oil in the global market. Presently, millions of barrels of gas and oil are struck close to the Strait of Hormuz.
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More than 15 million barrels of Russian oil are on tankers in the Bay of Bengal and the Arabian Sea with another 7 million presently near Singapore.
Canada And Australia Offers Gas Supplies To New Delhi
Meanwhile, Canada and Australia have offered to supply gas supplies to New Delhi as India explores alternative sources of energy.
Iran Israel USA War-Indian Government Order
The Union Government of India has directed refiners in the country after invoking emergency powers to maximize the production of liquefied petroleum gas (LPG) so there is no shortage of the cooking fuel due to the Middle East crisis.
The order stated that all oil refiners in the country are asked to maximize and make sure that butane and propane available to them are utilized for LPG production. It was also ordered by the Indian government to oil refiners not to divert butane and propane for petrochemical production.
A force majeure notice was recently issued by Petronet LNG, India’s top gas importer, to QatarEnergy (its supplier) and local buyers after tankers of LNG were not able to reach the Ras Laffan’s loading terminal in Doha.
