Adani Total Gas Slashes Excess Natural Gas Prices For Industrial Users To Rs 82.95/SCM
The revision aims to pass on the benefit of lower upstream prices to customers while maintaining system stability and equitable distribution of gas during the current supply constraints: The city gas joint venture of Adani Group and France's Total Energies
NEW DELHI: Adani Total Gas Ltd has cut the price of excess natural gas supplied to certain industrial customers to Rs 82.95 per standard cubic metre (SCM) from Rs 119.90 per SCM, effective 0600 hours on March 16, as upstream gas prices softened amid ongoing supply disruptions.
The city gas joint venture of Adani Group and France's Total Energies said the revision aims to pass on the benefit of lower upstream prices to customers while maintaining system stability and equitable distribution of gas during the current supply constraints.
Following the disruption in India's LNG supplies due to the halt in the movement of ships through the Strait of Hormuz as a fallout of the war in West Asia, ATGL had asked commercial and industrial customers to curtail consumption to 40 per cent of their contracted volumes.
