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Spot LNG prices rise sharply
Financial Express Ahmedabad
|March 19, 2026
Govt makes ad hoc provision of ₹600 crore for fertiliser plants
SPOT PRICES OF LNG, a key feedstock for urea production, rose sharply to $19 per metric million Btu (MMBtu) in the latest purchase by the state-owned GAIL from an average of $11-12 MMBtu in April-February this financial year, sources said.
The spot purchase of LNG was initiated on Tuesday after the virtual blockade of the Strait of Hormuz, a key import route from the Gulf countries, led to concerns about gas supplies.
Sources said the government has made a provision of over ₹600 crore for augmenting LNG supplies to fertiliser plants from the spot market for the time being.
Bu hikaye Financial Express Ahmedabad dergisinin March 19, 2026 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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