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Date: 25/03/2025

India likely to import less LPG in 2025

Drewry’s latest LPG Forecaster highlighted the 24% surge in India’s 2024 LPG imports, propelled by strong residential consumption, which was in turn fuelled by the general elections, low domestic production and diversion of domestic LPG to the petchem sector.
 
However, India’s import growth is likely to slowdown in 2025 as residential demand eases, with the policy shifting towards natural gas and biofuels as LPG penetration nears saturation. Meanwhile, with almost all of India’s LPG supply coming from the Middle East, the US-China tariff war could encourage China to source more from the Middle East, forcing India to look elsewhere and thereby altering some changes in trading patterns. However, varying butane content in cargoes from the Middle East versus the US could make sourcing from the latter difficult, Drewry said in an analysis.
 
Source: Exim News Service: London, March 24



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