GDMA to not use Adani Gas PNG for 3 days; Cites losses from high prices

Ahmedabad: Citing losses of approximately Rs. 400 crores due to the high prices of PNG supplied by Adani Total Gas Ltd (ATGL), the Gujarat Dyestuff Manufacturers Association (GDMA) will boycott the use of Adani’s PNG for three days starting from April 10th. GDMA, which comprises 350 members in the city, alleges that ATGL has failed to pass on the benefits of the decrease in international gas prices to industries.

According to GDMA, despite a significant 50% drop in international gas prices over the last six months, ATGL has not adjusted its rates. Yogesh Parikh, former president of GDMA, stated that Adani has not transferred the reduction in gas prices internationally to the industries, resulting in losses of Rs 400 crore thus far.

The association, in collaboration with other industry bodies, has engaged in discussions with the Adani Group, presenting two primary demands: uniform pricing for all industries and adjustments to PNG prices in line with international market fluctuations. In addition to the boycott, GDMA is exploring alternative energy sources such as LPG and coal. DeshGujarat