India’s Wartime Buying Spree Leaves Behind a Cooking Gas Surplus
AI Summary
India's wartime procurement of cooking gas to counter supply disruptions has resulted in a surplus as cargoes were delayed in the Persian Gulf. State-run fuel retailers in India now face excess inventory amid unsettled market dynamics.
India’s frenzied efforts to counter disruptions in cooking gas supplies over the past months, while cargoes remained trapped in the Persian Gulf, has left state-run fuel retailers with the opposite problem — more than they can sell.
Markets Commodities Energy India cooking gas fuel surplus wartime buying Persian Gulf state retailers