According to representatives of the hotel and tourism sector, the shortage has intensified amid the ongoing crisis in Iran and the wider Middle East, which has disrupted LPG availability across several parts of the country.
The source said the recent surge in Asian LNG prices and supply disruptions have altered the economics of global gas trade, making shipments from more distant suppliers commercially viable despite higher transportation costs.
Iran's IRGC has rejected US President Donald Trump's claim that the conflict will end "soon", asserting it will "determine" the war's conclusion. Tehran warned it would halt all regional oil exports if attacks continue, while Trump threatened to hit Iran "twenty times harder" if global su
Tensions involving Iran, Israel and the US have disrupted cross-border trade, causing fuel and food shortages in Pakistan's Balochistan border districts. Markets in Gwadar, Kech and nearby areas are witnessing sharp price hikes as Iranian exports decline, raising concerns over worsening supp
Commerce Minister Piyush Goyal on Friday said that the recently-created Inter-Ministerial Group has been in regular touch with exporters, amidst tensions in West Asia that invariably disrupted trade and shipping lines.
The tourists had travelled to Bahrain on February 24 on a tourist visa and were scheduled to return after four days. However, escalating tensions and reported missile and bomb attacks disrupted normal flight operations, leaving them stranded.
Crude oil prices may surge above the USD 100 per barrel threshold if there is any structural disruption to oil infrastructure amid the ongoing military escalations in West Asia, according to a report by ICICI Bank.
Zimbabwe's departure from the ICC Men's T20 World Cup has been delayed after the closure of airspace across parts of West Asia disrupted their scheduled return home from India.
Amid the escalating Iran-Israel conflict, flight operations at Delhi's Indira Gandhi International (IGI) Airport have been severely disrupted, resulting in passengers stranded, as many flights to the Middle East are getting cancelled.
Amritsar Airport Director Bhupinder Singh on Sunday said that several flights were disrupted at the airport following escalating tensions and reported conflict in parts of the Gulf region.
Flight operations of Emirates from Chennai International Airport were disrupted following escalating tensions and reported conflict in parts of the Gulf region.
Passengers were left stranded at Abu Dhabi airport after flight operations were disrupted following joint military strikes by the US and Israel on Iran.