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HomeIndia NewsGujarat Gas asks industries to review April usage as prices double, supply tightens
Industry players warned that if allocations fall below 70% of requirements, production may not be viable to restart.
By CNBCTV18.com March 27, 2026, 11:58:39 AM IST (Published)
2 Min Read
Gujarat Gas Ltd. has asked industrial customers to assess their gas consumption for April to better manage supplies, sources told CNBC-TV18.
The move comes after prices surged to ₹85 to ₹88 per unit, plus VAT, from ₹41.31 earlier, as the closure of the Strait of Hormuz in the ongoing West Asia war has triggered a supply crisis across the world. The impacts are especially acute for India, which is one of the world's largest oil and gas importers.
Industry players warned that if allocations fall below 70% of requirements, production may not be viable to restart.
Shares of the company were trading at ₹325.55 apiece, down 1.71% for the day, as of 11:42 am.
#JustIN | #GujaratGas asks industrial customers to assess gas consumption in April to manage supplies: sources say
Prices from April 1 increased to Rs 85-88+ VAT vs Rs 41.31+ VAT before the crisis
Industry says, if less than 70% gas is allocated, we might not be able to start… pic.twitter.com/9dfZDKAdpn
— CNBC-TV18 (@CNBCTV18Live) March 27, 2026
The shortage of industrial gas supply comes amid broader government measures to manage a supply shock triggered by disruptions to energy shipments from West Asia.
More recently, the government has also sent a memo to automakers and parts suppliers, asking them to tighten production schedules to conserve fuel amid looming uncertainty, Reuters reported.
In the March 25 advisory, the heavy industries ministry reportedly urged companies to shift factory operations away from oil-based fuels to electricity and use recycled aluminium or alternative materials.
Petroleum and Natural Gas Minister Hardeep Singh Puri earlier in the day advised to the public not to panic and said the government has opted to absorb the financial impact instead of fully passing on higher fuel costs to consumers.
In a post on X, Puri said international crude prices have surged in recent weeks from around $70 per barrel to about $122. He noted that petrol and diesel prices have risen by 30–50% in Southeast Asia, around 30% in North America, 20% in Europe, and up to 50% in African countries.
New Delhi has also invoked emergency rules to regulate gas distribution, prioritising fertilisers, transport and households, while industry absorbs the bulk of the cuts.
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