Maldive Gas halves LPG sales for 1 week
An official said that the company is currently supplying 5kg of gas from each 10kg cylinder.
Top Stories
-
MP seeks committee inquiry Into WAMCO pension arrears
-
MIFCO raises skipjack tuna purchase price to MVR 18.50 per kilo
-
Essential commodity prices in Malé rise 6.35% over one year
-
MDP govt's money printing led to rating downgrade, says Shareef
-
BML Sukuk to fund economic growth, not budget support: Zameer
Maldive Gas has reduced gas sales by half for a period of one week amid concerns over supply linked to the conflict in the Middle East.
An official from State Trading Organisation (STO), the parent company of Maldive Gas, said on Sunday that the company is currently supplying 5kg of gas from each 10kg cylinder.
The official said the measure was introduced temporarily.
“It had to be done because many people were worried about the current situation in the world and started buying more,” the official told Atoll Times.
The official said the restriction would remain in place for one week and is expected to be lifted once a new shipment arrives on the 20th of this month.
Supply concerns have grown after developments in the Middle East following attacks by the United States and Israel on Iran. Iran has announced plans to close the Strait of Hormuz, a key route used for transporting oil and gas.
The disruption has affected energy supplies in several countries.
India and the Maldives have also been affected by shortages of oil and gas.
In India, the government has used emergency powers to direct refineries to increase production of liquefied petroleum gas (LPG) and reduce sales to industrial users in order to meet domestic demand.