Adani Total Gas Sees 17% Surge as Government Shifts Focus to LPG Supply and Domestic Output

Indian Gas Stocks Surge Amid Government Intervention

Market Summary:

Shares of city gas distribution and gas infrastructure companies rose sharply on Wednesday, with major scrips such as Adani Total Gas jumping 17%. The gains came after the government moved to safeguard domestic gas availability by invoking emergency powers and prioritising supplies to key sectors.

Key Stocks:

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• Adani Total Gas rose 16.8% to Rs 551.7
• Gujarat Gas gained 7.7% to Rs 404
• Gujarat State Petronet advanced 5.9% to Rs 291.25
• Indraprastha Gas rose 3.4% to Rs 162.98
• Mahanagar Gas gained 1% to Rs 1,055.20
• Petronet LNG added 0.9% to Rs 292.60
• GAIL (India) traded marginally higher at Rs 150.39

Government Intervention:

The Ministry of Petroleum and Natural Gas invoked emergency powers and notified the Natural Gas (Supply Regulation) Order, 2026 under the Essential Commodities Act, 1955. The order prioritises supplies to key sectors, including piped natural gas (PNG) for households, compressed natural gas (CNG) for transport, and LPG production, and directs that these sectors be treated as priority allocations and maintained at 100% of their average consumption over the past six months.

Impact of Geopolitical Disruptions:

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The disruptions to energy shipments transiting the Strait of Hormuz amid the ongoing conflict in West Asia have led to the government taking measures to prevent shortages. Officials said LPG output in the country has already been increased by 10%, while imports from alternative suppliers are being arranged.