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A Corner of the Energy Sector Is Set to Boom on India’s Lockdown

  • LPG demand to be 15% higher than typical growth rates: BPCL
  • Refiner Indian Oil to maximize LPG output over other products
Police officers stand guard at a checkpoint on the empty Marine Drive during a lockdown imposed due to the coronavirus in Mumbai on March 25.

Police officers stand guard at a checkpoint on the empty Marine Drive during a lockdown imposed due to the coronavirus in Mumbai on March 25.

Photographer: Dhiraj Singh/Bloomberg

One type of energy is set to benefit from India’s lockdown even as the coronavirus dents demand for everything from diesel to jet fuel.

Across India, the use of liquefied petroleum gas for cooking is expected to climb after Prime Minister Narendra Modi implemented a 21-day lockdown in one of the world’s most populous nations, according to refinery officials. Indians will be unable to visit restaurants or rely on food deliveries, leaving many with few options but to prepare meals at home.