Ahmedabad, March 15: Adani Total Gas Limited on Sunday reduced the price of excess natural gas supplied to certain industrial customers following a decline in upstream gas prices amid supply disruptions linked to the West Asia crisis.
The company said the price of excess gas has been cut to ₹82.95 per standard cubic metre (SCM) from ₹119.90 per SCM. The revised rate will come into effect from 6:00 am on March 16.
Adani Total Gas, a city gas distribution joint venture between Adani Group and TotalEnergies, said the revision aims to pass on the benefit of lower upstream gas prices to customers while maintaining stable gas distribution during supply constraints.
Earlier, the company had asked commercial and industrial users to reduce gas consumption to 40% of their contracted volumes after LNG shipments were disrupted due to halted ship movement through the Strait of Hormuz amid the West Asia conflict.
Customers exceeding the consumption limit were charged spot market rates for additional volumes. While the excess gas price has now been reduced, other terms for excess supply remain unchanged.
The company also said it has sought clarification from GAIL (India) Limited regarding the supply of 80% gas to industrial customers under the current order.
Earlier this month, the firm decided not to raise prices of CNG and piped natural gas supplied to households despite supply challenges.
Currently, around 70% of gas supplied by Adani Total Gas is sourced domestically and used for CNG vehicles and household piped gas, while the remaining 30% is imported LNG primarily supplied to commercial and industrial users.
