Middle East Conflict Triggers Gas Supply Crunch, Hits PG Electroplast and Consumer Durables Stocks
PGEL plast Ltd tumbled up to 13% intraday on Monday amid concerns over liquefied petroleum gas (LPG) supply disruptions stemming from the escalating war in the Middle East. The company disclosed that its gas suppliers have curtailed allocations under the existing Gas Sale and Purchase Agreement due to maritime navigation restrictions affecting vessels in the region. This has severely constrained LPG availability starting March 9, 2026.
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