The Economic Times

Eternal, Swiggy shares fall 4%. Is LPG shortage beginning to hurt food delivery business?

Shares of online food delivery giants Zomato and Swiggy tumbled sharply on Thursday as a commercial LPG shortage raised concerns over restaurant closures and limited menus. Indias heavy reliance on Middle Eastern LPGaround 90% of imports come from Qatar, Saudi Arabia, UAE, and Kuwaithas left the sector highly vulnerable.