Currently, India’s natural gas consumption stands at approximately 189 million MMSCMD, with over half of it being imported. The ongoing geopolitical tensions are impacting gas supply to key textile centers like Surat and Ferozepur.

The government has issued a Natural Gas Control Order to prioritize essential sectors, but this hasn’t alleviated the uncertainty faced by industrial buyers. They continue to grapple with fluctuating prices and supply issues.

Key facts:

• GAIL is paying premium prices of $17-$20 MMBtu for urgent cargoes, compared to usual spot prices of $12-$15 MMBtu.
• The government’s aim for 80% allocation stability for industrial consumers limits production capacity.
• The current conflict has severely disrupted global fuel trade routes, affecting India’s industrial consumers.

This situation indicates that the high prices are placing a significant burden on energy-intensive sectors like textiles. As one observer noted, “This high price indicates a considerable burden for energy-dependent industries like the textile sector.” But how will manufacturers cope?

Officials have not confirmed if there will be any immediate relief measures. The textile industry is vital for India’s economy, employing millions and contributing significantly to exports. Without stable gas supplies, its future appears uncertain.

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Liquor prices in Telangana are expected to increase significantly, with companies requesting a hike of 12% to 15%. This anticipated rise is largely attributed to the ongoing war in West Asia, which has disrupted supply chains and increased production costs.

The tensions between Iran and Israel have particularly affected the natural gas supply, crucial for glass bottle manufacturing. As a result, production in major glass manufacturing centers across the country has dropped by nearly 40%, leading to a 20% increase in the price of empty bottles.

Distillery managements have indicated that a price hike is inevitable, especially since the liquor price review deadline in the state has ended without any adjustments. The last review was supposed to occur every two years, but no changes have been made since May 2023.

In addition to the expected rise in liquor prices, beer prices are also projected to increase. This is due to high demand during the summer months, coupled with a 20% reduction in supply, further exacerbated by the ongoing supply chain issues.

A judicial committee, led by a retired judge, has been formed to review the price hike issue, reflecting the seriousness of the situation. As the industry grapples with these challenges, observers are closely monitoring the developments.

Details remain unconfirmed regarding the exact timing of the price increases and the outcomes of the judicial committee’s review. However, the impact of global tensions on local markets is becoming increasingly evident, raising concerns among consumers and industry stakeholders alike.

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What does ONGC’s recent gas production in the Arabian Sea mean for India’s energy landscape? It signifies a crucial step towards reducing the country’s reliance on imported natural gas.

On March 30, 2026, ONGC officially began gas production from its Daman Upside Development Project, located about 180 kilometers northwest of Mumbai. This project is expected to produce up to 21.5 billion cubic metres (BCM) of natural gas over its lifecycle, a significant boost for India’s energy sector.

Gas is currently flowing from the B-12-24P platform and has been successfully sent to the Hazira Plant. According to ONGC, “This [B-12-24P] platform has been successfully commissioned and gas sent to Hazira Plant.” This marks a pivotal moment in India’s efforts to enhance domestic gas production.

In the first ten months of FY26, India imported 29.185 billion cubic metres of natural gas. If the Daman project reaches its projected output, it could offset approximately 73.66% of these imports, significantly impacting the nation’s energy balance.

Moreover, the Daman project’s peak output could account for around 61.38% of India’s annual gas imports for FY26, underscoring its importance in the country’s energy strategy.

ONGC has invested approximately $1 billion in the Daman project, reflecting the company’s commitment to enhancing domestic production capabilities. As ONGC stated, “Production from all wells will be ramped up in a phased manner,” indicating that further increases in output are anticipated.

The Daman Upside Development Project aims to reduce India’s dependence on natural gas imports amid global energy market disruptions, making this development even more significant.

As the project progresses, the full impact of this new gas production will unfold, potentially reshaping India’s energy landscape for years to come. Details remain unconfirmed regarding the timeline for ramping up production from all wells, but the initial success is promising.

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The Bombay High Court’s recent ruling has significant implications for Mukesh Ambani and Reliance Industries Limited (RIL). The court dismissed a petition that sought a Central Bureau of Investigation (CBI) probe into allegations that RIL stole over USD 1.55 billion worth of natural gas from Oil and Natural Gas Corporation (ONGC) wells. This decision not only clears Ambani of these serious charges but also reinforces the legal protections available to corporate entities against what the court termed as unfounded allegations.

The petition, which claimed that RIL engaged in a massive organized fraud from 2004 to 2013-14, was dismissed as lacking merit. Chief Justice Shree Chandrashekar, presiding over the case, emphasized that the petition was not in the public interest but rather motivated by personal interests. He remarked that such petitions could cause serious harm to the reputation and business prospects of any corporate entity, highlighting the delicate balance between public interest and individual grievances.

In a pointed critique, Justice Chandrashekar stated, “This writ petition is in the nature of a public interest litigation which does not serve any public purpose.” He further described the motivations behind the petition as mere pretentious projections, indicating that the claims were not substantiated by the evidence presented. The judges found that the petition was an abuse of the court’s process, a sentiment that underscores the judiciary’s role in filtering out frivolous claims.

Supporting the court’s findings, an independent investigation had previously confirmed that RIL tapped gas from ONGC wells without permission. The Justice AP Shah Committee quantified the alleged stolen gas at over USD 1.55 billion, with accrued interest of USD 174.9 million. These figures paint a stark picture of the financial implications of the alleged actions, yet the court’s dismissal suggests that the evidence was not compelling enough to warrant further investigation.

Interestingly, Mukesh Ambani has not drawn a salary for the past five years, a fact that may play into the public perception of his corporate governance. Meanwhile, his promoter group has received dividends totaling 3600 crore, indicating a robust financial performance for RIL despite the legal challenges. This financial backdrop adds layers to the narrative surrounding Ambani, as he navigates both corporate success and legal scrutiny.

As the dust settles from this ruling, the implications for Mukesh Ambani and Reliance Industries are profound. The court’s decision not only clears Ambani of these allegations but also sets a precedent for how similar cases may be handled in the future. It raises questions about the motivations behind such petitions and the potential for misuse of the legal system to target corporate entities.

Looking ahead, while this ruling provides a temporary reprieve for Ambani, the landscape of corporate law in India continues to evolve. The potential for further developments remains, as the legal system grapples with balancing corporate accountability and protecting against unfounded claims. Details remain unconfirmed regarding any future actions that may arise from this case, but the implications of the court’s decision will undoubtedly resonate in the business community.

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India relies heavily on imports to meet around 60% of its LPG needs, with a staggering 90% of these imports passing through the Strait of Hormuz. The geopolitical situation has raised alarms, as the supply of LPG is intricately linked to international relations and stability in the region. Sujata Sharma, a spokesperson for the government, noted, “The supply of LPG is affected due to the prevailing geopolitical situation, but a lot of cargo has been lined up.” This statement reflects the government’s assurance that while challenges exist, efforts are being made to secure alternative supplies.

In response to the crisis, the Indian government has ramped up domestic LPG production by an impressive 40% compared to pre-West Asia conflict levels. This increase aims to mitigate the impact of reduced imports and ensure that households continue to have access to this essential fuel. Despite these efforts, the number of households with PNG (Piped Natural Gas) connections remains significantly lower, with only about 1.5 crore households compared to 33.3 crore domestic LPG connections. This disparity underscores the reliance on LPG for cooking and heating in Indian households.

To alleviate the pressure on LPG supplies, the government has been actively encouraging consumers to switch to PNG where available. This strategy is intended to diversify energy sources and lessen the burden on LPG, which has become increasingly strained due to the current geopolitical climate. The government has also directed refiners to maximize LPG production and to divert propane, butane, and other streams from petrochemical manufacturing to LPG production, further emphasizing the urgency of the situation.

As the situation evolves, it remains crucial for consumers and businesses to stay informed about the availability of LPG gas. The government’s proactive measures, including the provision of around 7,500 domestic and commercial connections for PNG, reflect a commitment to ensuring energy security. However, the reliance on imports and the ongoing geopolitical tensions present a complex challenge that requires continuous monitoring and adaptation.

While the government assures that there is sufficient stock of petrol and diesel, the impact of the LPG supply disruption is felt across various sectors. No dry-out has been reported at LPG distributorships, but the increased waiting times and the shift in consumer behavior towards PNG indicate a significant change in the energy landscape. The ongoing situation serves as a reminder of the interconnectedness of global energy supplies and the importance of domestic production capabilities.

Reaction from the field

Industry experts and consumers alike are watching the developments closely. The effective closure of the Strait of Hormuz has not only impacted LPG but has also affected about 30% of India’s natural gas supplies. As the government continues to appeal to consumers to switch to PNG, the long-term implications of these changes on energy consumption patterns remain uncertain. Details remain unconfirmed regarding the full extent of the impact on future LPG supplies, but the situation is evolving rapidly.

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The recent push towards piped natural gas (PNG) in India marks a significant shift in the country’s energy landscape. With the ongoing geopolitical energy crisis disrupting global oil supplies, the government is taking decisive steps to reduce dependence on imported liquefied petroleum gas (LPG) by promoting PNG as a viable alternative.

The Ministry of Petroleum and Natural Gas (MoPNG) has instituted reforms aimed at expanding the piped gas network. In just the last twenty-five days, 2.5 lakh new PNG connections have been provided, with about 2.20 lakh consumers successfully transitioning from LPG to PNG. This rapid expansion underscores the urgency of the initiative, as households are given a three-month window to switch from LPG to PNG once notified. Failure to do so will result in the discontinuation of their LPG supply.

To facilitate this transition, the government has mandated that permissions for laying pipelines in housing areas must be granted within three days. If public authorities do not comply, the application will be deemed approved, ensuring that the rollout of PNG infrastructure is not hindered by bureaucratic delays. Additionally, the order introduces time-bound clearances and standardized charges for pipeline projects, further streamlining the process.

Neeraj Mittal, a key figure in the initiative, remarked, “A crisis (has been) turned into an opportunity,” highlighting the potential benefits of this transition for energy security in India. The government aims to add 15 lakh new PNG connections in the next two weeks, reflecting its commitment to this ambitious goal.

Currently, domestic production of LPG accounts for only 50-60% of India’s consumption requirements, making the shift to PNG not just a matter of convenience but a necessity for energy independence. The directive also allows for a no-objection certificate (NOC) if it is technically infeasible to provide a piped natural gas connection, ensuring that households are not left without options.

As the government pushes for a uniform national framework for laying and operating gas pipelines across India, the landscape of energy consumption is poised for transformation. However, details remain unconfirmed regarding the long-term impacts of this transition on energy prices and consumer behavior.

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