India almost receive 70% of their crude oil via the strait of Hormuz and since it's closed the country is suffering with shortage of LPG (cooking gas) and government said commercial ones are stopped for now while domestic usage can keep on as usual but panic among people rise to a level that every petrol bunk is filled with long queue of vehicles and the direct victims are restaurants which are closed for a couple days now in most of the cities. The situation of India will worse if government didn't make any arrangement to sort out the oil supply. Strange. Iran has allowed the passage of Indian tankers, probably gas carriers too. Has gas production in Qatar been stopped? But Trump allowed Russian oil to be bought in tankers at sea, and probably gas too. In general, the country should have reserves of resources for a certain period (a month, three months). You can't live and buy critical resources "off the wheels" - this is a short-sighted policy. Besides, India has been buying large amounts of Russian oil for pennies for several years - where is all this? Resold instead of making stocks? Then the reason for the fuel shortage is clear. Iran allowed the Indian carriers to pass through the Strait seems to be a fake news because it is reported that there is no such agreement from the official source but there were two carriers passed through that strait on mar 11 seems to be something that they missed to stop. That's it. India will be buying Russian oil but it's like 3-5% of total volume that we buy, and even those are just resold to Europ not to Indians, we are already paying like the highest taxes for fuels which is 160% taxes on top of the total cost and India mostly rely on taxes from these to run the economy. Anyway India didn't develop their reserve storage as the requirements of modern day they still uses the storage space of 50 years back and India is a big country with 1.5bnpopulation that is why the reserves only last for 70days.
India almost receive 70% of their crude oil via the strait of Hormuz and since it's closed the country is suffering with shortage of LPG (cooking gas) and government said commercial ones are stopped for now while domestic usage can keep on as usual but panic among people rise to a level that every petrol bunk is filled with long queue of vehicles and the direct victims are restaurants which are closed for a couple days now in most of the cities. The situation of India will worse if government didn't make any arrangement to sort out the oil supply. Strange. Iran has allowed the passage of Indian tankers, probably gas carriers too. Has gas production in Qatar been stopped? But Trump allowed Russian oil to be bought in tankers at sea, and probably gas too. In general, the country should have reserves of resources for a certain period (a month, three months). You can't live and buy critical resources "off the wheels" - this is a short-sighted policy. Besides, India has been buying large amounts of Russian oil for pennies for several years - where is all this? Resold instead of making stocks? Then the reason for the fuel shortage is clear. Iran allowed the Indian carriers to pass through the Strait seems to be a fake news because it is reported that there is no such agreement from the official source but there were two carriers passed through that strait on mar 11 seems to be something that they missed to stop. That's it. India will be buying Russian oil but it's like 3-5% of total volume that we buy, and even those are just resold to Europ not to Indians, we are already paying like the highest taxes for fuels which is 160% taxes on top of the total cost and India mostly rely on taxes from these to run the economy. Anyway India didn't develop their reserve storage as the requirements of modern day they still uses the storage space of 50 years back and India is a big country with 1.5bnpopulation that is why the reserves only last for 70days.

India almost receive 70% of their crude oil via the strait of Hormuz and since it's closed the country is suffering with shortage of LPG (cooking gas) and government said commercial ones are stopped for now while domestic usage can keep on as usual but panic among people rise to a level that every petrol bunk is filled with long queue of vehicles and the direct victims are restaurants which are closed for a couple days now in most of the cities. The situation of India will worse if government didn't make any arrangement to sort out the oil supply. Strange. Iran has allowed the passage of Indian tankers, probably gas carriers too. Has gas production in Qatar been stopped? But Trump allowed Russian oil to be bought in tankers at sea, and probably gas too. In general, the country should have reserves of resources for a certain period (a month, three months). You can't live and buy critical resources "off the wheels" - this is a short-sighted policy. Besides, India has been buying large amounts of Russian oil for pennies for several years - where is all this? Resold instead of making stocks? Then the reason for the fuel shortage is clear. Iran allowed the Indian carriers to pass through the Strait seems to be a fake news because it is reported that there is no such agreement from the official source but there were two carriers passed through that strait on mar 11 seems to be something that they missed to stop. That's it. India will be buying Russian oil but it's like 3-5% of total volume that we buy, and even those are just resold to Europ not to Indians, we are already paying like the highest taxes for fuels which is 160% taxes on top of the total cost and India mostly rely on taxes from these to run the economy. Anyway India didn't develop their reserve storage as the requirements of modern day they still uses the storage space of 50 years back and India is a big country with 1.5bnpopulation that is why the reserves only last for 70days.

India almost receive 70% of their crude oil via the strait of Hormuz and since it's closed the country is suffering with shortage of LPG (cooking gas) and government said commercial ones are stopped for now while domestic usage can keep on as usual but panic among people rise to a level that every petrol bunk is filled with long queue of vehicles and the direct victims are restaurants which are closed for a couple days now in most of the cities. The situation of India will worse if government didn't make any arrangement to sort out the oil supply. Strange. Iran has allowed the passage of Indian tankers, probably gas carriers too. Has gas production in Qatar been stopped? But Trump allowed Russian oil to be bought in tankers at sea, and probably gas too. In general, the country should have reserves of resources for a certain period (a month, three months). You can't live and buy critical resources "off the wheels" - this is a short-sighted policy. Besides, India has been buying large amounts of Russian oil for pennies for several years - where is all this? Resold instead of making stocks? Then the reason for the fuel shortage is clear. Iran allowed the Indian carriers to pass through the Strait seems to be a fake news because it is reported that there is no such agreement from the official source but there were two carriers passed through that strait on mar 11 seems to be something that they missed to stop. That's it. India will be buying Russian oil but it's like 3-5% of total volume that we buy, and even those are just resold to Europ not to Indians, we are already paying like the highest taxes for fuels which is 160% taxes on top of the total cost and India mostly rely on taxes from these to run the economy. Anyway India didn't develop their reserve storage as the requirements of modern day they still uses the storage space of 50 years back and India is a big country with 1.5bnpopulation that is why the reserves only last for 70days.