LPG booking gap period extended to 25 days to prevent hoarding: Report

In a bid to curb hoarding and ensure a steady supply of cooking gas, the Indian government has extended the LPG booking gap period to 25 days. This move comes amid rising oil prices, which surged to approximately $120 per barrel, fueled by ongoing tensions in Iran. The extension aims to discourage consumers from stockpiling cylinders in anticipation of price hikes, thereby stabilizing the market. The government's decision reflects a proactive approach to managing resources effectively during periods of geopolitical unrest, ensuring that households have access to essential services without falling victim to artificial shortages. This measure is expected to not only support consumers but also maintain order in the LPG supply chain during challenging times.