Adani Total Gas reduces prices for industrial users
after close1 source ↓written by the desknot a recommendation
- industrial customers
- ₹82.95 per SCM
- ₹119.90 per SCM
- effective
- 16 Mar 2023
Adani Total Gas Ltd has cut the price of excess natural gas for certain industrial customers to ₹82.95 per SCM from ₹119.90 per SCM, effective from 16 Mar 2023. This move aims to pass on the benefits of lower upstream prices amid ongoing supply disruptions. The company previously requested customers to curtail consumption to 40% of contracted volumes due to LNG supply issues stemming from geopolitical tensions in the Middle East.
This price reduction may enhance demand from industrial users, potentially stabilizing the market during these challenging times.
Not investment advice. For informational purposes only.