India Readies Big LPG Output Boost as Hormuz Uncertainty Lingers

India has directed state companies and private refiners to significantly increase LPG production to strengthen domestic supplies. This strategic move responds to prolonged uncertainty regarding the Strait of Hormuz, a critical waterway for approximately 90% of India's liquefied petroleum gas imports, due to the ongoing Middle East conflict. By setting specific targets for oil firms, India aims to enhance its national energy security and potentially influence global oil prices during this period of heightened geopolitical tension.