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Markets and oil prices remain volatile as the conflict intensifies; India secures additional gas supplies while Gulf nations intercept missiles and drones. Here are the top developments of the day
Reliance Industries is taking proactive steps and in line with the government guidelines, the company said in a statement
Reliance Industries says it will maximise LPG output at its Jamnagar refinery complex and divert KG-D6 basin gas to priority sectors to support stable domestic fuel supplies
Hotel and restaurant owners in Odisha warn they may shut establishments as disruptions in commercial LPG cylinder supply threaten operations, employment and tourism in the state
Restaurant body NRAI advises members to rationalise menus, conserve LPG, and explore electric cooking alternatives after commercial cylinder supply was disrupted in parts of the country
As supplies through the Strait of Hormuz face disruptions, India is exploring alternative LPG import routes. But shipments from the US and other suppliers could take longer to reach Indian ports
India's restaurants warn of menu cuts and possible shutdowns as LPG shortages linked to the West Asia crisis threaten fuel supplies for kitchens used by food delivery platforms
The Centre has invoked the Essential Commodities Act to prioritise natural gas and LPG supply for domestic, industrial, and vehicular use amid global energy disruptions
Hotels and restaurants in Bengaluru, Chennai and Mumbai are struggling with LPG shortages as the West Asia conflict disrupts energy supplies, forcing many to reduce menu items or suspend operations
India has invoked emergency provisions and declared force majeure, reprioritising natural gas supplies to key sectors such as households and fertiliser plants
IOCL, BPCL, and HPCL have said that they are boosting LPG production and prioritising household supply after the Centre directed refineries to use all propane, butane, and other gas streams for LPG
QSR and food delivery stocks, including Jubilant FoodWorks, Devyani International & Eternal fell as LPG shortage forced restaurants and hotels to shut kitchens across cities like Mumbai and Bengaluru
Restaurants across Tamil Nadu are staring at a bleak future with existing stock expected to last only for one or two days due to a lack of commercial LPG cylinder supply amid the West Asia conflict, hoteliers said on Tuesday. Some of the hotels and restaurants have already cut the number of food items offered in order to reduce the LPG use, officials said. "It is like a second COVID-19-enforced lockdown for us. We are cutting down on the usage of LPG cylinders. We have reduced the number of food items. For Dosa, tea or coffee, the stove should be receiving LPG supply non-stop. We have cut the number of items now and are providing food only in limited numbers," the chairman of a popular restaurant chain told PTI on condition of anonymity. To a query, he said, "We expect to run for one or two days with existing stock. If there is no supply of the commercial LPG cylinders, we have no other go than to close down operations. COVID-19 lockdown-like situation returning." Meanwhile, Sri .
Rising tensions in West Asia are affecting LPG shipments to India; Trump warns Iran over the Strait of Hormuz as oil prices swing and fears of wider energy supply disruption grow
Hotel and restaurant operations in the city are likely to be affected starting March 10, following a sudden and total halt in the supply of commercial gas cylinders, the Bangalore Hotels Association said on Monday. This development comes amid rising energy costs and supply constraints caused by the West Asia conflict. "Since the gas supply has stopped, the hotels will be closed from tomorrow," the association said in a release. Noting that the supply of commercial gas cylinders stopped today, it said, since the hotel industry is an essential service, common people, students, and medical professionals, who rely on the hotels for daily meals, will be affected. "In addition, our hotel industry will also face difficulties until the gas supply returns to normal," it added. The association said oil companies had guaranteed an uninterrupted gas supply for 70 days, making the sudden stoppage a "big blow" to the hotel industry. "Therefore, we expect the concerned Union Ministers to take .
Siam asks MoPNG to give clarity on availability
The National Restaurant Association of India has warned the Centre that disruption in commercial LPG supplies could trigger widespread restaurant closures, urging sustained cylinder availability
Facing supply risks from the West Asia conflict, the government has ordered all refiners to channel full C3-C4 streams into LPG production to ensure adequate supply for households