LPG Price Hike: ₹1500 Cylinder Panic Buying Amid Iran War – Is Gas Really Running Out? | Israel Iran

Описание: LPG Price Hike: ₹1500 Cylinder Panic Buying Amid Iran War – Is Gas Really Running Out? | Israel Iran

When demand spikes even briefly, and supply chains tighten, markets do react with visible stress. Right now, amid the war in Iran, that stress is showing up outside LPG agencies in several towns and cities, including in the National Capital Region (NCR). Long queues of consumers clutching empty LPG cylinders were on Monday seen outside a Bharat Gas agency in Noida's Sector 22. A viral video from Birdpur village in Uttar Pradesh's Sitapur district showed at least hundreds of people sitting on their empty LPG cylinders lined up outside a gas agency. The clip went viral on Saturday, March 7.

The sense of crisis could be the doing of some suppliers to cash in on the panic related to reports of supply disruptions because of the Iran war. A person from a small town in Uttar Pradesh, claimed that she was forced to buy a domestic LPG cylinder on the black market for Rs 1,500.

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