New Delhi:Amid the ongoing Middle East conflict, oil supplies from the Strait of Hormuz have been disrupted, leading to a potential energy crisis in several countries of the region. In the wake of the current situation on oil supplies, the Indian government said that the country is well prepared, claimed government sources.

The government will supply domestically produced natural gas on a priority basis to units that use it to produce LPG, a government notification said amid disruptions of imports due to the West Asia conflict. So far, compressed natural gas (CNG) and piped cooking gas were the two priority sectors to receive domestic natural gas as their raw material. With the gazette notification passed late Monday night, LPG also has been put on the priority list of recipients of natural gas. The allocation rejig has been done to maintain supplies and secure equitable distribution and availability of natural gas for priority sector.

Oil Marketing Companies To Meet Restaurant Associations:

"Oil Marketing companies will talk to the various restaurant associations to understand their problems of LPG supply," reported ANI, citing the government sources. "A committee of 3 members comprising Executive Directors of IOC, HPCL and BPCL has been formed by the govt to listen to their grievances. Their genuine requirement of commercial LPG will be met," the sources added.

Also Read:India Asks Oil Refineries To Increase LPG Production, Introduces 25-Day Refill Gap To Prevent Hoarding

Reprioritisation Of Domestic LPG Production:

Meanwhile, due to reprioritisation, domestic LPG production has reportedly increased by 10 percent in last few days "Consignment of LPG and LNG is coming from various sources. Expecting some new consignment of LPG/LNG very soon," the government sources told the news agency.

As per the ANI report, the government said that despite the Middle East conflict, the country is not in crisis of petroleum products. The government said that Indian refineries are running at full capacity as they were operating before the Iran-Israel conflict, the sources said. The government is reportedly sourcing 70 percent of our crude oil supply from sources other than Strait of Hormuz.

The sources also indicated that India will recover better than other countries once the crisis is over. Meanwhile, the decision on the refined oil export curb and to curb the export of refined oil is not yet taken.

What Union Minister Hardeep Singh Puri Said:

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