GAS SHORTAGE
What happened at Surat Railway Station? Why are migrant workers leaving the industrial town in a rush?
Surat Railway Station News: Thousands of migrant workers crowded Surat's Udhna railway station, creating chaos and long queues as they rushed to leave. Beyond the summer rush, workers cited LPG shortages and slowing industrial activity as reasons for their departure, highlighting broader economic disruptions.
Pakistan is juggling blackouts and Iran diplomacy
Pakistan is emerging as a key mediator in efforts to ease tensions between the US and Iran, with talks likely to be hosted in Islamabad. However, this diplomatic role contrasts with a worsening domestic power crisis, as the country faces prolonged outages due to LNG shortages and poor coordination in water and energy management.
War-led cost surge, price curbs push beer industry into 'major trouble': United Breweries CEO & MD
The Indian beer industry is in significant trouble. Rising costs from the war, supply chain issues, and government pricing controls are impacting businesses. United Breweries CEO Vivek Gupta highlights the need for government support to prevent growth and innovation from stalling. Consumers are also shifting to cheaper options and smaller pack sizes due to financial pressures.
LNG tankers make U-turns from Hormuz as Iran keeps strait shut
Tankers carrying liquefied natural gas are now rerouting away from the Strait of Hormuz following Iran's warning that the key passage is effectively closed. This critical situation has led to a suspension of LNG shipments accounting for 20% of global supply, resulting in escalating prices and emerging shortages across Asian markets.
LNG ships move toward Hormuz after Iran says Strait is open
Liquefied natural gas tankers are approaching the Strait of Hormuz, potentially resuming vital fuel flows after Iran declared the strait open. This follows a period of effective closure that impacted global LNG supplies and prices. The situation remains uncertain as conflicting statements from Iran and the US persist, with insurance responses also a key factor.
Loss of energy output in Middle East will take about two years to recover, IEA says
Energy output in the Middle East will take about two years to recover from conflict losses. Fatih Birol, head of the International Energy Agency, warns of significantly higher energy prices if the Strait of Hormuz remains closed. New oil and gas shipments were not loaded in March, creating a noticeable gap.
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India's LPG demand softens, bookings fall to 46-50 lakh, supply remains normal: Govt
LPG demand is expected to moderate during the summer season, with bookings already witnessing a decline, said Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum and Natural Gas, during an inter-ministerial briefing on recent developments in West Asia on Friday.
West Asia war: Morbi-Thangadh ceramic clusters gasp for gas, units shut, losses mount
Since the beginning of the war, these two clusters are struggling due to a shortage of propane, with many units closing shops.
Indian banks halt gold, silver imports amid delay in government clearance, sources say
Indian banks have halted gold and silver import orders as a fresh government authorisation under DGFT is still pending, leaving tonnes of bullion stuck at customs. India, a top global consumer, risks supply shortages and rising premiums if delays continue.
Gujarat Gas rises 7% after Nomura upgrade. Is the Iran war a buying opportunity?
Gujarat Gas shares saw a significant jump after a major brokerage upgraded the stock. The US-Iran conflict is creating supply chain disruptions, impacting fuel availability. This situation presents opportunities for Gujarat Gas, especially in the Morbi region. The company is poised for potential volume growth and improved margins. Investors are watching closely as the market reacts to these developments.
Iran war pushes Asia to think twice before doubling down on LNG
A Middle East conflict has disrupted global liquefied natural gas supply. This has caused prices to surge, impacting Asian nations heavily reliant on the fuel. Plans for widespread adoption of gas are now uncertain. Countries are seeking alternatives, potentially leading to long-term shifts in energy strategies and reduced demand for LNG.
Europe may run out of jet fuel in 6 weeks: Why IEA warns Europe could face flight chaos as Iran war sparks a global energy crisis
Europe jet fuel shortage: Europe faces a potential six-week jet fuel shortage due to ongoing supply blockages from the Iran war, raising concerns about flight cancellations. The International Energy Agency warns of the largest energy crisis ever, with restricted Strait of Hormuz access impacting global economic growth and inflation through rising fuel prices.
Indian restaurants' 'slowdown' is ringing up a ₹79,000 cr bill as Iran war chokes LPG supply
The Indian dining scene is looking at a staggering monthly loss of ₹79,000 crore as a result of a commercial LPG shortage. This hiccup is forcing all types of eateries to shut down temporarily or seek alternative cooking methods.
Iran war exposes cost of Asia's fossil fuel reliance
The latest global energy shock highlights the risks of fuel import dependence, with Bangladesh hit hard by soaring LNG costs after supply disruptions, forcing costly spot purchases. In contrast, Pakistan’s shift to solar reduced reliance on imports and cushioned the impact. The divergence underscores the need for emerging economies to accelerate clean energy adoption to limit exposure to price volatility.
Iran war: HUL hikes prices of Dove, Pears, Surf, Red Label
Hindustan Unilever Limited has increased prices for its soap products. This move is a response to escalating costs of raw materials and packaging. The price hikes, ranging from Re 1 to Rs 20, are being passed on to consumers. This development could potentially delay a much-needed revival in consumer demand. FMCG companies were hoping for a boost from GST cuts.
Indian officials see Iran war oil shock as disruptive as Covid
India is drawing on its Covid-era playbook to cushion the economic blow from the Iran war, with officials warning the disruption to energy supplies could rival the pandemic, threatening growth, widening the fiscal deficit, and pushing the rupee to record lows.
Global debt to hit post-World War II levels by 2029, IMF says; warns of rising fiscal strain amid West Asia war
Global public debt is set to surpass 100% of GDP by 2029. This level has not been seen since after World War II. Repeated economic shocks are straining government finances worldwide. Policymakers face challenges balancing fiscal credibility with supporting vulnerable populations. Supply disruptions for key products are being closely watched for their economic impact.
Global growth needs unconstricted energy markets: Jaishankar on Hormuz disruption
India is pushing for safe passage for ships. Attacks on merchant vessels are unacceptable. Global growth needs open energy markets. India will work with partners to build strong supply chains. Japan launched a new initiative to help Asian countries facing fuel shortages. This plan offers financial aid to secure energy supplies and diversify sources.
100% domestic LPG, PNG supply ensured amid West Asia crisis: Govt
India has successfully maintained full supply of Piped Natural Gas and Liquefied Petroleum Gas for homes. This was achieved by prioritising domestic needs during energy disruptions from the West Asia crisis. Commercial LPG supplies have also been restored significantly. The government implemented measures to manage demand and ensure availability for critical sectors and industries.
Govt seizes 500 LPG cylinders as India intensifies energy security measures amid Israel-Iran war
The government is taking strong measures to address the LPG shortage and ensure fuel stability. Raids are underway to stop black-marketing, with over 2,950 conducted recently. New PNG connections are expanding, and efforts are made to increase supply of smaller cylinders. Domestic fuel prices are being managed. Repatriation of seafarers and travel for Indian nationals from West Asia are facilitated.
No roti, no naan: Karachi families burn in anger as their stoves stop burning amid gas crisis in Pakistan's largest city
For the second consecutive week, unannounced gas outages have thrown daily life into disarray for thousands of households in Karachi. Families are queuing for roti and LPG, students are struggling, and political leaders are criticising the Sui Southern Gas Company for inefficiency. The utility claims supply is maintained during meal times.
Crude cargo traffic likely to get caught up in war logjam again
A US naval blockade of Iranian ports, following failed ceasefire talks, has increased uncertainty over energy cargo movements and the risk of stranded supplies. This escalation is expected to further squeeze global supply and drive oil prices higher, impacting India's significant crude and LPG imports from Iran.
Domestic Indian migrants weigh return home in energy crunch
Domestic migrants in New Delhi are considering leaving the city due to soaring black market prices for cooking gas, exacerbated by Middle East war-related energy supply chain strains. With incomes dwindling and official LPG connections unavailable, many are resorting to expensive firewood or facing impossible choices between food and work, prompting a return to their villages.
Haryana hikes wages after unrest; auto sector faces cost pressure
Haryana has increased minimum wages by 35 percent for unskilled workers. This decision follows factory protests and work boycotts by labourers facing higher living costs. The move aims to provide relief to workers struggling with rising food prices and disrupted gas supplies. However, it is expected to increase costs for India's auto industry.
Bottles, flasks grow scarce in India as gas crunch hits glassmakers
India's glass industry faces severe production disruptions due to Middle East conflict-induced energy shortages. Gas diversions to households have crippled factories, leading to output cuts and price hikes across various sectors. Manufacturers anticipate prolonged impacts, affecting everything from beverages to pharmaceuticals.
India raises gas supply for fertilizer firms as imports improve
India has boosted natural gas allocation to urea plants to 90% of average consumption, up from 70-75%, as supply improves following Middle East crisis disruptions. This decision, based on inventory and scheduled LNG arrivals, aims to support the upcoming monsoon planting season.
India’s sugar and edible oil demand dips as restaurant gas shortages bite
India's restaurants face a severe cooking gas shortage. This is forcing many to reduce operations during peak summer and wedding seasons. Consequently, consumption of sugar and edible oils is falling. This situation could lead to lower imports of key commodities like palm oil, soyoil, and sunflower oil.
Jindal Steel deploys syngas in furnaces to counter shortages of natural gas, LPG
Jindal Steel has successfully used syngas in its galvanizing and color coating furnaces. This move counters shortages of natural gas, LPG, and propane. It allows the company to maintain operations amid supply disruptions. Jindal Steel is a pioneer in using syngas for steelmaking. This innovation strengthens energy security and supports low-carbon steel production.
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