The government has decided to prioritize gas supply for household PNG and CNG, which may lead to curtailments for industrial users. Analysts from Nomura estimate that a 20% reduction in gas supply to industrial and commercial segments could impact Mahanagar Gas Limited (MGL) and Indraprastha Gas Limited (IGL) by approximately 3% each on their volumes.

Gujarat Gas Limited, which supplies around 49% of its total volume to industrial and commercial consumers, is expected to face a more significant impact of around 10% on its volumes due to this curtailment. In contrast, Mahanagar Gas has about 16% of its total gas distribution allocated to industrial and commercial segments, while Indraprastha Gas has around 13%.

The situation has also affected domestic LPG connections in Noida, where the minimum waiting period for booking a refill has increased to 25 days from 21 days. Noida currently has around 10 lakh LPG connections, and Ghaziabad has approximately 12 lakh. Notably, about 8,000 LPG connections in Noida and around 15,000 in Ghaziabad are classified as commercial.

Despite these challenges, the supply of PNG and CNG in the region has continued without interruption. The gas supply network in western Uttar Pradesh is connected to the Hazira-Vijaipur-Jagdishpur pipeline operated by GAIL (India) Limited, ensuring a steady supply for essential services.

Authorities have issued directions to ensure that domestic consumers do not face inconvenience in LPG supply, emphasizing the need to maintain household gas availability amid the curtailment for industrial users. The government’s decision to prioritize gas supply for essential segments may lead to a scarcity of gas for industrial and commercial use.

As the situation develops, observers are closely monitoring the impact on gas supply and the potential long-term effects on companies like IGL and MGL. Details remain unconfirmed regarding how these changes will affect overall gas distribution and consumer access in the coming weeks.

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The ongoing crisis in the Middle East has raised critical questions about the stability of gas prices in India. As of March 11, 2026, the price of a 14.2 kg non-subsidised LPG cylinder in Delhi stands at ₹913.00, following a ₹60 increase on March 7. This rise is attributed to significant disruptions in supply routes, particularly affecting liquefied petroleum gas (LPG) and liquefied natural gas (LNG).

India imports around 60 percent of its total LPG demand, primarily from the Middle East. The current geopolitical tensions have led to a shortage of LPG, which is crucial for domestic cooking. As a result, domestic cooking gas prices have surged, with commercial LPG prices also rising by ₹114.5.

Gas-related stocks have reacted sharply to these developments. Adani Total Gas shares jumped by 13.08 percent, reflecting investor confidence amid the price hikes for industrial clients. The rise in share prices is closely linked to the ongoing supply issues stemming from the Middle East conflict.

Additionally, the Strait of Hormuz, a vital global energy transit corridor, is facing severe disruptions. This has heightened security risks for tanker movements, further tightening gas supplies. The situation is compounded by Qatar halting LNG production due to the conflict in West Asia, which has led to a nearly 40 percent surge in European natural gas prices last week.

Industry experts note that disruptions in shipments through the Strait of Hormuz have tightened supplies, leading to increased gas prices in India. “India relies heavily on imports to meet its cooking gas needs, with nearly 60% of its total LPG demand sourced from overseas,” an industry analyst stated.

The implications of these rising gas prices are significant for consumers and businesses alike. As the crisis unfolds, the energy market in India is likely to face continued volatility, affecting both domestic and commercial users.

While the current situation presents immediate challenges, it also raises questions about India’s long-term energy strategy and its reliance on imports. The government may need to explore alternative sources and strategies to mitigate the impact of such geopolitical crises on energy prices.

As the situation develops, further details remain unconfirmed regarding the potential for additional price hikes or changes in supply dynamics. Stakeholders in the energy sector are closely monitoring the situation, hoping for stabilization in the coming weeks.

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