VERIFIEDMint Companies·20 May 2026neutral

BPCL taps US LPG spot market for first time amid Gulf supply disruption

AI Summary

·BPCL has imported LPG cargoes from the United States for the first time.
·This diversification of energy supplies is a response to disruptions in the West Asia conflict and the Strait of Hormuz.
·The move aims to reduce India's dependence on West Asia, which previously supplied nearly 90% of its LPG imports.