Adani Total Gas Ltd (AGTL) officially announced that it has reduced
the price of excess natural gas supplied to certain industrial
customers from Rs 119.90 per standard cubic metre (SCM) to Rs 82.95
per SCM, after upstream gas prices softened amid ongoing supply
disruptions linked to the West Asia crisis.
According to the company statement, the revised gas rate came into
effect from 6:00 am on Monday (March 16). There is no change in other
terms and conditions announced earlier regarding additional gas, the
company stated.
Adani Total Gas Ltd, a city gas distribution joint venture between the
Adani Group and France’s Total Energies, stated that the move is aimed
at passing on the benefit of lower upstream gas prices to customers
while ensuring stable and fair distribution of gas during the current
supply constraints.
Earlier, the company had asked commercial and industrial users to
reduce their gas consumption to 40 per cent of their contracted
volumes after India’s LNG supplies were disrupted due to the halt in
ship movement through the Strait of Hormuz due to the ongoing US
strikes on Iran.
The ATGL had also not increased the prices of compressed natural gas
(CNG) and Piped Natural Gas (PNG) used in homes for cooking, but
supply restrictions were imposed on some large industrial customers
due to the impact of the West Asian crisis on gas supplies.
Around 70 per cent of the gas supplied by Adani Total Gas Ltd is
sourced domestically and is used for CNG vehicles and piped natural
gas for households. The remaining nearly 30 per cent is imported LNG,
which is mainly supplied to commercial and industrial users.
The company stated that while managing supply constraints, every
effort is being made to ensure uninterrupted gas supply while
safeguarding the interests of consumers across all segments.