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The Times of India
The Times of India
National
Niyati Parikh | TNN

Gas companies in Gujarat invoke force majeure

AHMEDABAD: Manufacturing units dependent on piped natural gas are staring at massive cost pressures. Along with increasing PNG prices, Adani Total Gas Limited and Gujarat Gas Ltd have imposed force majeure for their industrial customers effective from March 25.

This means gas firms have not only revised gas prices but also curtailed the threshold limit to 80% of the daily contract quantity. Due to this, industries taking gas will have to pay pre-determined price for 80% of their DCQ consumption and pay hefty ‘excess gas charges’.

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