Deepening LNG Crisis: Gas Prices Soar from ₹40 to ₹119 – What's the Impact on Industry and Consumers?
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Gas Price Shock: Adani Total Gas Hikes Industrial Rates by 197% Amid Global LNG Crisis
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News18•06-03-2026, 18:26
Gas Price Shock: Adani Total Gas Hikes Industrial Rates by 197% Amid Global LNG Crisis
•Global geopolitical tensions, including the closure of the Strait of Hormuz and a drone attack on Qatar's Ras Laffan LNG terminal, have severely disrupted global energy supply.
•Adani Total Gas Limited (ATGL) has increased industrial gas prices from ₹40 to ₹119 per SCM, a 197% hike, citing reduced LNG availability.
•This price surge will significantly impact industries like fertilizer, petrochemical, cement, steel, power, textile, and glass, leading to higher production costs.
•The common person will face increased costs for everyday items, including food, plastics, electricity, transport, and housing, as the impact spreads through the supply chain.
•India, importing 40% of its LNG from Qatar and relying heavily on the Strait of Hormuz, is actively seeking alternative energy sources to mitigate the crisis.
