India, March 16 -- Adani Total Gas Ltd., a joint venture of India's Adani Group and Total Energies SA of France, has cut prices for excess natural gas supplied to industrial clients, signalling some reprieve from the energy crisis brought on by the Iran war.

Starting at 6:00 am on 16 March, the rate for gas consumed beyond contracted limits will drop to Rs.82.95 per standard cubic metre, down nearly 31% from the previous high of Rs.119.90. The move comes as upstream prices soften, allowing the utility to pass on savings to a sector hit hard by recent supply curbs.

The price adjustment is a direct response to the supply chain shocks rippling through the Indian energy market. Following maritime disruptions in the Strait of Hormuz-a critic...