Indian Refiners Lift LPG Output Nearly 20% as Hormuz Blockage Chokes Imports
Indian state refiners are ramping up their production of liquefied petroleum gas amid a seasonal jump in demand as the country enters festive season and imports from the Middle East remain strangled. So far in September, local production of LPG has averaged 44,000 tons daily, Indian media reported,
Source: OilPrice.com
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DW NOTE
Indian refiners are replacing imports they can't get through Hormuz with domestic output — a 20% increase in LPG production is impressive until you realise it's a forced substitution, not a capacity win. The Strait has been choked since February, and every barrel refined domestically is a barrel that costs more to produce than the seaborne LPG that used to flow freely from the Gulf.