Geopolitical conflicts have a more direct impact on the energy supply chain than expected. If India cannot fill this gap, downstream livelihoods and industries will both be under pressure.

CoinWorld News: India, the world's third-largest liquefied petroleum gas (LPG) consumer, is currently facing a supply shortfall of approximately 400k barrels per day, mainly due to decreased imports caused by the Iran war. According to data from energy analytics company Kpler, India's LPG imports in April were 377.62k barrels per day, failing to reach half of the 851.87k barrels per day in February. Although domestic daily production increased to 530k barrels in April, a rise of about 75k barrels, Kpler's chief refinery and supply analyst Sumit Ritolia stated that domestic output is nearing full capacity, and if imports do not fully recover, the supply gap may persist. A black market seller mentioned that due to soaring costs, customer demand slightly slowed in April, but switching to other fuels as substitutes is not easy.