India becomes Second Largest LPG Consumer and Importer

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India is now the second largest consumer and importer of the LPG in the world. This is attributed to government initiatives to push for cleaner alternatives to traditional cooking fuels such as firewood and cow dung.

The import of LPG grew by 12.5 percent over the past five years to 12 million metric tons (13 million tons) in 2018-19. India now stands at the second position when it comes to the import of LPG surpassing Japan. India is in second place behind China. The exporters of LPG to India include Saudi Arabia, Qatar, the United Arab Emirates, Kuwait, and Iran.

The number of active LPG consumers in India has grown at a compounded annual growth rate (CAGR) of 15 percent – from 14.8 crores in 2014-15 to 22.4 crore in 2017-18. Increase in population combined with LPG penetration in rural areas has resulted in an average growth of 8.4 percent in LPG consumption, making India the second largest consumer of LPG in the world at 22.5 million tonnes.

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