Government Urges Oil Firms to Hike LPG Reserves

The government is taking proactive measures to secure energy supplies by advising oil companies to create a 30-day reserve of liquefied petroleum gas (LPG). This decision aims to mitigate potential risks associated with supply disruptions in the Hormuz Strait, a critical shipping route for global oil supplies. The build-up of reserves is seen as a crucial step to safeguard against unforeseen market fluctuations.