Overview
- Refiners have lifted domestic LPG production to about 44,000 tonnes a day, roughly 20% above August levels, to meet higher household demand.
- At least three ADNOC-contracted September cargoes—one for BPCL and two for Indian Oil—were not collected, putting short-term pressure on supplies.
- ADNOC has said it will deliver its committed October volumes, including multiple cargoes for Indian Oil, BPCL and Hindustan Petroleum, to reassure buyers.
- India is accelerating import diversification: US shipments now account for more than 20% of imports and state refiners are considering term purchases from the US that could cover about 20% of next year’s imports.
- The near-term focus on households has led the government to cut the rural refill wait to 25 days and keeps overall demand roughly 10% below last year because industrial use has not fully recovered.