Shares of Mahanagar Gas, Indraprastha Gas, and Gujarat Gas among other city gas distribution companies cracked up to 15% on Monday after the government cut the Administered Price Mechanism allocation to CGD players by 20% for the second straight month. It estimates an adverse gross margin impact of ₹2–9 per scm based on the expected increase in gas costs depending …
As a relief for consumers, Mahanagar Gas Ltd reduced the prices of Compressed Natural Gas and Piped Natural Gas in Mumbai and adjoining municipalities on Monday. CNG prices have been reduced by Rs 3 per kilogram while the prices of PNG have been reduced by Rs 2 per standard cubic meter. No relief in other cities including Delhi-NCR Meanwhile, there …
GAIL Gas Ltd, the city gas arm of the nation's largest gas firm GAIL Ltd, announced a reduction of up to ₹7 in the prices of CNG and piped cooking gas. GAIL Gas cut the price of the gas that households received through piped natural gas, or PNG, by ₹7 per standard cubic metre in Bengaluru and Dakshin Kannada and …
Following the steep 62 per cent hike in prices of domestically produced gas announced by the Centre last week, Mahanagar Gas on Monday increased the retail price of compressed natural gas and piped natural gas by Rs 2 each with immediate effect. Noting that the re-gasified liquefied natural gas price is also at a historical high now, MGL said these …