Adani Total Gas shares fell as much as 5.6% to an intraday low of ₹532 on Monday, March 15, extending losses for a second straight session and taking the cumulative decline to more than 12% over the two-day period. The stock dropped after investors booked profits following a sharp 30% rally in just three trading sessions. The decline came after the company informed exchanges that it has cut the price of excess natural gas supplied to certain industrial customers to ₹82.95 per standard cubic metre (SCM) from ₹119.90 per SCM, effective 0600 hours on March 16. The revision aims to pass on the benefit of lower upstream prices to customers while maintaining system stability and equitable distribution during current supply constraints.
As reported by Live Mint, Adani Total Gas stock fell around 6% intraday and has now declined more than 12% in two trading sessions, reversing part of the nearly 30% surge seen over just three trading days earlier. The recent fall also followed the Exchange's clarification on March 13, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded. The Adani firm responded that the price movement is purely due to market conditions and absolutely market driven, with the management having no control or knowledge of the reasons for the significant movement in price. At 10:54 AM, shares were trading at 0.76% lower at ₹606 apiece on NSE, according to Upstox reports.
According to The Economic Times, the government's issuance of the Natural Gas (Supply Regulation) Order, 2026, seeks to prioritise gas allocation to essential sectors amid supply disruptions triggered by the ongoing conflict in the Middle East. The move also comes amid rising demand and concerns over a potential cooking gas shortage due to the war in West Asia involving the US, Israel and Iran. Qatar, which supplies 20% of the world's LNG, shut the Ras Laffan export facility last week after an Iranian drone strike, upending the market and sending the price of gas in Europe and Asia soaring. Natural gas supply will be prioritised for domestic piped natural gas consumers and compressed natural gas used in transport, with allocations maintained at 100% of the average consumption over the past six months, subject to operational availability. The company noted that the government's move would help safeguard essential energy supplies for households and the transport sector.
According to The Economic Times, some of the company's gas suppliers have curtailed supplies due to escalating geopolitical tensions in West Asia, affecting its ability to serve certain industrial customers. The city gas distributor noted that the disruption has reduced the availability of gas for industrial supply. India is facing an LPG shortage crisis as shipments of crude oil and natural gas from the West Asian Gulf countries get affected due to the raging conflict between the United States and Iran. The global maritime trade for oil and natural gas has been disrupted after Iran has been exercising strategic control over the tanker trade passing through the Strait of Hormuz. Due to supply constraints arising from the closure of the Strait of Hormuz, gas prices have risen in India with domestic cooking gas prices increasing by ₹60 per cylinder and commercial LPG prices going up by ₹114.5. The development is significant as India is the world's second-largest LPG importer.
As reported by The Economic Times, President Donald Trump said on Sunday his administration is talking to seven countries about helping to secure the Strait of Hormuz amid the US-Israeli war on Iran, calling on them to help protect ships in the vital waterway that Tehran has mostly blocked to oil tanker traffic. On March 12, a report from Hindustan Times suggests that a Liberian flagged oil tanker berthed at the Mumbai port after it safely transited the Strait of Hormuz with Saudi Arabian crude oil on board, though the trade route remains subject to attacks according to several media reports. The geopolitical tensions have created significant supply chain disruptions, with several restaurants across the country running out of gas supplies or switching to simpler menu items that require little to no cooking gas.
