The US-Iran war in West Asia has impacted the supply of gas, with Qatar Energy, one of the biggest gas producers in the world, declaring a Force Majeure, thereby impacting its other downstream clients and a trickle down effect on other companies as well.
Restaurants across the country have either cut down on their menu or have shuttered till the time commercial LPG supply returns to normalcy. The government is taking steps to ensure that the domestic gas supply is not affected.
The Gig Workers Association has raised an alarm over the gas shortage and its impact on workers, as more than 50% to 60% of orders on food delivery order platforms have been impacted.
GIPSWU has demanded that Eternal and Swiggy should immediately pay ₹10,000 as relief per affected worker along with a three-month moratorium on id deactivation and minimum daily incentives as well.
“It is estimated that nearly one crore workers are being affected, among whom gig and platform workers constitute a large section. The present crisis is turning into disaster,” the union release said.
Shares of Eternal are trading 4.4% lower at ₹214, while those of Swiggy are also down by a similar quantum at ₹272. Swiggy shares are trading much below their IPO price of ₹390, while Eternal too, is down substantially from its recent 52-week high of ₹367.
