City Gas Stocks Soar Up To 15% Amid West Asia Tensions, Govt Prioritizes Gas Supply

• Adani Total Gas, Gujarat Gas, Petronet LNG, GAIL, IGL, MGL rallied up to 15% after earlier losses due to West Asia geopolitical tensions.
• Rebound driven by market optimism after US President Donald Trump suggested conflict could end soon and sanctions might be eased.
• Geopolitical tensions caused gas price hikes (domestic cooking gas, commercial LPG, European natural gas) and supply shortages in Indian cities.
• Indian government issued Natural Gas (Supply Regulation) Order, 2026 and invoked Essential Commodities Act, 1955 to prioritize essential gas uses.
• Measures include prioritizing PNG for households, CNG for transport, LPG production, and directing refineries to maximize LPG output.