Amidst the ongoing geopolitical tension across the world and ever-increasing inflation, a reassuring news has emerged. Energy sector giant Adani Total Gas Limited (ATGL) has announced a huge cut in the prices of additional natural gas. The price of gas which was being sold for around Rs 120 till a few days ago, will now directly come down to around Rs 83. Let us tell you that this rate will be applicable from 6 am on March 16, 2026.
Only these people will get the benefit of this discount
The main benefit of this huge discount is going to be given to big factories and industrial units. According to the new guidelines of the company, there has been a big reduction in the price of ‘extra gas’ or extra gas for those industries which consume gas more than their prescribed limit. Earlier, for this additional consumption, factories had to pay a heavy price of Rs 119.90 per standard cubic meter (SCM). Now this rate has been reduced directly to Rs 82.95. This reduction of about Rs 37 per SCM is like a lifeline for those industries whose entire production cycle depends on natural gas.
The instruction was to use only 40 percent gas.
In fact, the supply chain of Liquefied Natural Gas (LNG) in India was badly affected due to the disruption of movement of ships on the important sea route of the Strait of Hormuz. In view of this serious crisis, this joint venture of Adani Group and leading French company Total Energies had implemented a strict rule for its commercial and industrial customers. Under this, companies were instructed to use only 40 percent of their gas limit. Whichever factory was burning gas more than this 40 percent quota, a huge charge of expensive spot market rate i.e. Rs 119.90 per SCM was being imposed.
What is the real reason behind the falling prices?
Now the question arises that how did this sudden cut become possible amid global tension. Adani Gas Management has made the picture very clear in the official message sent to its customers. The prices of upstream gas in the international market have now started softening. The company clearly says that the prices of gas have fallen from behind and its direct benefits are being passed on to the pockets of the customers. Its primary objective is not just to do business or earn profits, but to keep the system stable amid the current supply crisis.