Govt directs GAIL, ONGC to divert natural gas to city gas distributors

Quick Summary:

The latest order instructs ONGC and GAIL to divert 0.637 MMSCMD of gas, currently utilised for LPG production, towards CGD.Currently, 2.

Shares of ONGC climbed 5.11 per cent to Rs 258.65, while shares of OIL advanced 3.6 per cent to Rs 480.4.

This led to city gas retailers hiking CNG prices by Rs 2-3 per kg as they had to replace the supply with more expensive non-APM gas or imported liquefied natural gas (LNG).

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Article Details

Category: BusinessFinance

Markets: India

Topics: GAIL Gas distributors ONGC City gas distribution Natural gas

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 19:28:46 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 452 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24851861

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Year Established: 1975

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