STrait of Hormuz unrecorded updates: On the 13th daylight of the state of war betwixt persia and Israel, oil prices surged as Brent crude rose above $100 a barrel early Thursday, days after briefly nearing $120, amid worsening supply concerns following Iranian attacks on commercial shipping near the Strait of Hormuz.US benchmark crude also climbed to about $94 a barrel, as Iran intensified attacks aimed at creating global economic pressure on the United States and Israel to end the conflict, with no signs that the fighting is easing.India's LPG import and supply disruptionsIndia imports about 60 percent of its liquefied petroleum gas (LPG) requirement, with around 90 percent of those supplies passing through the Strait of Hormuz, the government said on Wednesday while outlining steps taken to address potential supply disruptions amid the West Asia conflict.An order was issued on March 8 directing refineries to maximise LPG production, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said at a press briefing, urging the public not to panic.What is the impact on India?Restaurants in Mumbai, Bengaluru and Gurugram have begun cutting down LPG use by introducing limited or “crisis” menus with quicker-to-cook dishes and increasing reliance on coal-based tandoor items to avoid potential shutdowns.In South Delhi, restaurant owner Gagandeep Singh Sapra said he was forced to shut his North Indian restaurant Tadka Rani after LPG supplies ran out, alleging black market traders are demanding ₹5,000 for a cylinder, far above the official ₹1,884.50 price for a 19-kg commercial cylinder.In Bhopal, the shortage is affecting hotels, restaurants and residents, with long queues reported at gas agencies, while some eateries have switched to induction cooking and a few have temporarily shut down.Government on LPG shortageUnion Minister of State for Petroleum and Natural Gas Suresh Gopi on Thursday said efforts are underway to bring the LPG crisis under control and that options are opening up for India to secure additional supplies.Speaking to reporters, he said Union Petroleum and Natural Gas Minister Hardeep Singh Puri had responded to questions on the LPG situation in Parliament on Wednesday.Gopi added that due to diplomatic sensitivities, certain details related to supplies through the Strait of Hormuz cannot be disclosed.Opposition on LPG shortageCongress leader Rahul Gandhi on Thursday attacked Prime Minister Narendra Modi amid concerns over a reported shortage of commercial LPG cylinders, saying that while the prime minister has asked people not to panic, he himself appears panicked for “completely different reasons”.Gandhi alleged that Modi was worried about the Epstein files issue and the Adani case in the United States.His remarks came after several opposition MPs, including Rahul Gandhi and Priyanka Gandhi Vadra, staged a protest in the Parliament House complex over the LPG shortage, demanding answers from the government
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