IOC added that requests from other non-domestic sectors will be reviewed by a committee of executive directors from oil marketing companies (OMCs). Such requests will be assessed and prioritised based on merit, necessity and product availability, the company said.
The clarification comes amid concerns over supply constraints for commercial users. On Monday, restaurant and hospitality industry bodies wrote to the Ministry of Petroleum and Natural Gas (MoPNG) seeking urgent clarification on commercial LPG availability, warning that shortages could disrupt food services and potentially force some establishments to shut operations.The concerns follow a government order reprioritising natural gas supplies after disruptions linked to the conflict in West Asia. In a notification issued on March 9, the ministry said natural gas — including regasified liquefied natural gas (RLNG) — would be redirected towards priority sectors after shipments through the Strait of Hormuz faced disruptions during the ongoing regional conflict.
Also Read: LPG, PNG and Strait of Hormuz — Here’s how India’s gas economy functions
The order said suppliers had invoked “force majeure” clauses following the supply interruptions.
As of 2:41 pm on Tuesday, shares of Indian Oil Corporation Ltd were trading at ₹159.22 on the NSE, down ₹2 or 1.24%.
