A reality check on govt.’s claim of 45 days of LPG ‘rolling stock’
The Indian government recently claimed that the country has 45 days of LPG 'rolling stock', suggesting sufficient supply. However, experts have raised concerns about the accuracy of this claim, given India's limited LPG storage capacity and reliance on regular imports. Current data indicates that even under optimal conditions, India may only have around 17 days of LPG supply available.
- ▪The government claims India has 45 days of LPG 'rolling stock', but this is disputed.
- ▪India's total LPG storage capacity is approximately 1.6 million tonnes, with only 17 days of supply available under ideal conditions.
- ▪Marine traffic data shows that 15 LPG tankers are currently en route to India, which may help alleviate supply concerns.
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A few days ago, the government assured the people that India had 45 days of “rolling stock” in LPG, implying there were enough stocks and there was no need for panic. The implication came as a puzzle to many since India has rather limited LPG storage capacity and needs regular shipments from abroad to the extent of an average of one shipload of LPG arriving every day.As per government data, India has a total LPG tankage capacity of some 1.6 million tonne of which some 53% is in import terminals, some 31% in bottling plants, 16% in refineries and related facilities.
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