TradeWinds: LPG cargoes head to India on demand surge, Poten says

April 23, 2020

Covid-19 lockdowns in India have boosted demand for LPG imports for cooking fuel, offsetting declines seen in other regions like China and Europe, broker and consultant Poten & Partners said.

Poten analyst Zahid Afzal, speaking in a webinar on the impact of the global pandemic on the LPG market, said the Indian government’s move to supply three LPG cylinders to millions of subsidised households during lockdown has significantly increased demand for LPG and imports.

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