Ambani, Adani come forward to step up LPG, PNG, CNG production

A crisis has erupted in the LPG, CNG and PNG market. With shipments impacted due to the ongoing military conflict between Iran and US-Israel combine. Two of the biggest conglomerates of the country have now come forward to increase output of the essential gasses ans allocate it according to the govt order. The Centre has urged oil refineries to maximise LPG production and allocate it for domestic use.

Kolkata: While the oil marketing companies are still absorbing the elevated prices of crude oil and the government has not given its nod for a rise in the retail prices of petrol and diesel, the picture in the gas market is different. There is already a shortage in the LPG, PNG and CNG markets and different sections are feeling the pinch acutely. The prices of the gasses have also been raised by the government. Deliveries of these gasses have virtually stopped from the Gulf countries since many of the production units have stopped working following attacks on these assets. Against this background, Adani Total Gas and Reliance Industries have decided........

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