Sustained propane price advantage
Propane prices remain lower than natural gas, causing Morbi customers to switch. Recovery depends on propane price movements.
GUJGASLTD / Q3-FY26 / risks
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Gujarat Gas · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
APM gas allocation shortfall
APM shortfall increased to 51%, requiring costlier spot and long-term gas, pressuring margins.
New transmission tariff impact on margins
Analyst noted that every 1 MMSCMD increase in Morbi volumes could reduce gross profit by ₹1/SCM due to new tariffs.
Geopolitical risks to LNG supply
Ongoing geopolitical tensions could disrupt LNG supply chains and cause price volatility, delaying project timelines.