Govt announces more cuts in supply of domestic gas to CNG retailers

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Govt announces more cuts in supply of domestic gas to CNG retailers - Business Standard

Quick Summary:

Indraprastha Gas Ltd - the firm that retails CNG to automobiles and piped cooking gas to households in the national capital and adjoining cities - in a stock exchange filing said domestic supplies have been cut by about 20 per cent effective November 16.

"Based on another communication received by the company from GAIL (India) Ltd (the nodal agency for domestic gas allocation), this is to inform that there has been further reduction in domestic gas allocation to the company effective from November 16, 2024.

The government has for the second time in a month cut supplies of cheaper domestically produced natural gas to CNG retailers, who have warned of their profitability being hit.