Adani Total Gas Ltd. has tripled LNG prices for industrial consumers exceeding their daily quota in response to an escalating Iran war that's choking India's energy supply.
The city gas distributor raised LNG rates for volumes consumed beyond 40% of daily contracted limits to ₹120 per standard cubic metre from ₹40, Bloomberg reported citing sources.
The price revision took effect at 6:00 am on Wednesday, underscoring India's acute vulnerability to maritime disruptions.
Domestic consumers are facing a severe supply squeeze after Qatar's Ras Laffan plant—the world's largest LNG terminal—halted operations following an Iranian drone strike.
The outage is particularly bruising for New Delhi, which relies on imports for half of its natural gas needs, with Qatar accounting for 50% of those overseas shipments.
Industrial and commercial units represent roughly 30% of Adani Total's demand profile, which is met entirely through expensive LNG imports purchased on the spot market.
The crisis is rippling through India's energy infrastructure, with peers including Petronet LNG Ltd. and Gujarat Gas Ltd. invoking force majeure clauses to limit deliveries.
