Petronet LNG Share Price Declines 5% to 52-Week Low Amid Broader Market Rally

Petronet LNG Plunges to 52-Week Low Amid Bearish Market Sentiment

Shares of Petronet LNG (PETRONET) fell nearly 5% to reach a fresh 52-week low on the BSE on March 20, despite a rebound in the Indian stock market following yesterday's decline.

Key Performance Indicators

• Petronet LNG shares: Down 4.67% to ₹258.70, its lowest level in a year.
• Monthly decline: 19% so far in March, the worst monthly decline in six years.
• Global crude oil passage: The Strait of Hormuz accounts for 20% of global crude oil passage.

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Impact of Middle East War

The ongoing US-Israeli war against Iran has disrupted energy shipments via the Strait of Hormuz, impacting Petronet LNG's volumes. India, one of the world's biggest oil importers and consumers, has been severely affected by the disruptions.

Brokerage Views

• Nomura: Slashed the target price for Petronet LNG shares to ₹340 from ₹370, citing impact on volumes and earnings amid the ongoing war in the Middle East.
• Systematix Group: Removed Petronet LNG from its top pick, opining that a further rise in prices and disruption of volume is likely, which may impact India.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

LNG Export Volume

Total LNG export volume declined to 8.6 MMT for the week ended March 7 and further to 7.8 MMT for the week ended March 14, compared to an average of 9.6 MMT per week in February 2026. The decline was largely driven by a sharp drop in volumes from Qatar, which fell from 1.7 MMT to 0.06 MMT.