Adani Total Gas Limited delivered welcome news to industrial customers by reducing the price of supplemental natural gas by a substantial 30%, effective March 16. The announcement, made amid easing upstream costs despite West Asia supply snarls, signals a proactive response to market dynamics.
Under the revised structure, extra gas will now cost Rs 82.95 per SCM, down from the previous Rs 119.90. This change aims to pass on global price corrections to users while safeguarding system integrity during the Hormuz Strait disruptions.
A message to customers highlighted that the cut accounts for recent declines in gas pricing, with all other conditions for additional supply intact. Previously, the company had implemented consumption curbs at 40% of contracted quantities for commercial and industrial segments to manage imported LNG shortages triggered by regional geopolitical tensions.
Adani Total Gas, powering key regions with CNG and PNG, sources 70% of its supply domestically for homes and vehicles. The imported 30% primarily fuels industries, making this relief timely for sectors facing volatile energy costs.
In a related development, the firm has reached out to GAIL for guidance on fulfilling 80% supply mandates to industrials. Earlier decisions to hold domestic prices steady amid challenges further demonstrate customer-centric policies.
As industries navigate supply uncertainties, this price revision could stabilize operations, reduce input costs, and bolster economic resilience in gas-dependent manufacturing hubs.