India Invokes ESMA Powers Amid Ongoing War in West Asia

GOVERNMENT INVOCATES ESMA POWERS: WORLD ENERGY SUPPLIES HAVE BEEN DISASSED BY THE GREAT WAR CONTINUES BETWEEN US, ISRAEL AND IRAN IN WEST ASIA आहे.भारताची85-90 Percentage of fuel imports through the Strait of Hormuz have been blocked by the war. Against this backdrop, the central government has invoked special emergency powers under ESMA (Essential Commodities Act, 1955) to prevent a shortage of domestic gas in the country. Petrochemical production has been halted; major government decisionThe Ministry of Petroleum and Natural Gas issued an order on 5 March, prohibiting all state-owned and private oil refineries in the country from using propane and butane for petrochemical products. Refineries have been ordered to maximise their use of these gases for domestic LPG production. Why does Saudi Arabia have to pay only for the three state-owned companies Indian Oil, Bharat Petroleum and Hindustan Petroleum?