Gas prices to double? How severe will the impact be on LPG and CNG in India after Qatar supply halt and strait of Hormuz closure?

The impact of the Iran-US-Israel war is being felt in the energy and commodity markets. Qatar, which supplies a fifth of the world’s natural gas, had recently declared ‘force majeure’ on deliveries amid the ongoing tensions. The decision comes after a halt in production following an Iranian drone strike, which has led to disruptions in LNG supplies to the Indian industry by up to 40%. The post Gas prices to double? How severe will the impact be on LPG and CNG in India after Qatar supply halt and strait of Hormuz closure? appeared first on News24 .