Says geopolitical uncertainty, global trade conflicts affecting markets
Urges society to move beyond communal, caste divisions
Jammu, Jun 06: Minister for Transport, Youth Services & Sports, Satish Sharma on Saturday said that although the Union Territory presently has adequate LPG stocks, but rising geopolitical tensions and global uncertainty could impact fuel supply chains and markets in the coming days.
Talking to reporters here, Minister Sharma, according to the news agency—Kashmir News Observer (KNO), said the government is keeping a close watch on the situation and assured the public that there is no immediate shortage of LPG.
“We currently have sufficient LPG stocks, but we must not ignore the fact that global conditions are not good. Geopolitical tensions will have an impact,” the Minister said.
Sharma said statements and actions by powerful nations continue to influence global trade and energy markets.
“Today, whatever the United States does, whether Trump speaks on Friday saying ‘we will attack,’ or traders speculate on markets on Tuesday saying the situation is fine, this is essentially a form of trade war,” he said.
The minister said such uncertainty directly affects economies and supply systems across the world, including India.
He further expressed concern over social divisions within the country, saying people remain occupied with communal and caste-based conflicts instead of understanding broader global challenges.
“We are unable to fully understand it; in some ways, we are a hundred years behind. The British left behind divisions such as Hindu-Muslim conflicts and caste divisions 80 years ago, and yet we are still fighting over them like fools. We need to move beyond these issues,” Sharma said.
The Minister stressed the need for social unity and awareness in the face of changing global realities, adding that countries must remain prepared for the economic impact of international conflicts and market instability. (KNO)
