The Union government is set to issue a formal response at 4:30 pm on the reported LPG shortage that has triggered panic buying across several parts of India. Concerns about supply disruptions have intensified over the past two days, particularly as tensions in West Asia raise fears about the stability of global energy supply chains.
Panic Buying Reported Across Cities
Reports of LPG scarcity began circulating earlier this week, prompting consumers in several regions to rush to refill cylinders. The surge in demand has led to fears of supply disruptions, especially among households and businesses dependent on liquefied petroleum gas for daily operations. Industry groups say the hospitality sector, including hotels and restaurants, has been among the hardest hit. Many establishments rely on commercial LPG cylinders and have reported difficulty securing fresh supplies as distributors struggle to keep up with sudden demand.
(More details awaited)
