Business Desk: The ongoing war in Iran could lead to an energy shortage across the globe. India too could face the crisis of LPG and fuel shortages, that could have sever repercussions for the hotel and restaurant industry.
As per a report by The Statesman there could soon be a shortage of commercial LPGs as the crisis has already impacted the LPG supply chain and led to a shortage of cooking cylinders in number of states in India.
Among others, the Karnataka is one of the affected states. Due to these multiple hotels, restaurants, including street food stalls could possibly stop serving their customers for a while. In fact, the report says that according to Hotel and Restaurant Association this low supply of commercial LPGs could result in the shutting down of around 50 per cent of restaurants and hotels in many cities in the country. Due to this, oil companies in states like Rajasthan have already instructed distributers to pause new bookings of commercial LPGs.
Iran is one of the key producer and distributor of natural energy across the world. This war is set to have catastrophic outcome for many countries. It has already resulted in a gridlock in the Strait of Hormuz. It is the only sea route from several gulf countries that leads to the Arabian Sea and the Indian Ocean. And owing to the present war ships from several Gulf countries are unable to pass through the route, resulting in the disruption of the oil supply chain. Large countries like India with heavy demand for oil and gas is experiencing the effect.