India Sets Cooking Gas Production Targets Amid Iran Export Disruptions

India has set a maximum daily cooking gas production target of 63,810 metric tons for state-run and private refineries in an effort to boost domestic supplies. The move comes as a result of the US-Israeli war against Iran disrupting supplies from the Middle East.

The federal government will update the targets every January and July to reflect new production and additional output from existing refineries. Companies are required to maintain adequate infrastructure for storing and transporting liquefied petroleum gas (LPG), either directly or through railways and road tankers, to meet specified quantities.

Reliance Industries Ltd's domestic-market-focused refinery is tasked with producing 18,000 tons a day of LPG. State-run explorers Oil and Natural Gas Corp and Oil India Ltd, and gas utility Gail India Ltd are expected to contribute 10% of the nationwide target.