The Core Report #819 Markets Rebound On Falling Gas Prices
Mar 10, 2026
Nikhil Dubey, a Kpler refining and modelling analyst who tracks crude flows, and Kamal Kishore Chatiwal, MD of Indraprastha Gas Limited leading piped gas expansion. They discuss markets rebounding as gas prices fall. They explore India’s crude sourcing, rerouting costs and refinery flexibility. They also cover scaling piped natural gas into homes and rural network economics.
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Markets Rally After Gas Prices And War Signals
- Markets rebounded as gas prices fell and risk sentiment improved after US signals that the Iran war could end soon.
- NIFTY rose ~233 points and mid/small caps outperformed, while RBI dollar-selling helped the rupee strengthen to 91.80.
India's Gas Shortage Hits Homes And Restaurants
- India faces a gas crisis impacting households, restaurants and petrochemical feedstocks because LNG and refinery LPG supplies tightened.
- Government asked state OMCs to boost LPG output and divert propane/butane/propylene to prioritize household and essential supplies.
IGL's Rural PNG Rollout Story
- Kamal Kishore Chatiwal described IGL's 26-year build of a 30,000 km pipeline network and near-1,000 CNG stations serving NCR and nearby cities.
- He recounted commissioning PNG to 70 people in a remote Rivadi village as part of rural expansion efforts.