Indian Oil Corporation raised LPG production by nearly 30 per cent and operated refineries above 100 per cent utilisation as Strait of Hormuz disruptions threatened energy supplies. IOC also diversified crude sourcing, secured alternative supplies and reported record operating performance
Iran launched missiles and drones toward Gulf Arab states including the UAE and Bahrain, escalating regional tensions. An airstrike killed pro-Iran militants in Iraq as disruptions near the Strait of Hormuz pushed global oil prices higher amid widening regional conflict
India has sufficient stocks of crude oil, petrol, diesel and LPG and is increasing imports from countries outside the Gulf region to offset disruptions caused by the Iran war, a senior government official said, while directing refiners to boost LPG production
