Rising LPG demand in India to boost spot rates
India’s scheme to provide free cooking gas cylinders to 80m of its citizens is boosting the demand for liquefied petroleum gas at a time when refinery runs have been hit by the nationwide lockdown. This is lending support to imports and spot rates for LPG tankers
India is likely to increase imports of LPG from the Middle East, which supplied about 94% of its imports in 2019
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