India, March 5 -- Adani Total Gas Ltd. has tripled LNG prices for industrial consumers exceeding their daily quota, in what is seen as a direct fallout of an escalating Iran war choking India's energy supply.
The city gas distributor-a joint venture between billionaire Gautam Adani's conglomerate and France's TotalEnergies SE-raised LNG rates for volumes consumed beyond 40% of daily contracted limits to Rs.120 per standard cubic metre from Rs.40, Bloomberg reported citing sources.
The price revision took effect at 6:00 am on Wednesday. A spokesperson for Adani Total Gas did not immediately respond to Bloomberg's request for comment.
The price surge underscores India's acute vulnerability to maritime disruptions. Domestic consumers are ...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.