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Govt tweaks city gas policy, moves to advance quarterly allocations

Business Standard LogoBusiness Standard1d ago

Govt tweaks city gas policy, moves to advance quarterly allocations - Business Standard

Quick Summary:

With city gas retailers like Indraprastha Gas Ltd, Mahanagar Gas Ltd and Adani-Total Gas Ltd reporting pressures on margins after the allocation of cheaper administered price or APM gas to them was cut without giving enough advance notice, the ministry decided to tweak the allocation policy.

The government will now allocate natural gas to CNG and piped cooking gas retailers two quarters in advance to give city gas companies greater clarity, the Oil Ministry said Friday.

"From Q1 (first quarter) of FY 2025-26 (April 2025 to March 2026 financial year), domestic natural gas allocations for CNG (Transport) and piped natural gas (domestic household cooking gas) segments will be done on a two-quarter advance basis," the ministry said in a statement.


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Category: BusinessFinance

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News Sentiment: Negative

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Published On: 2025-04-18 @ 19:44:15 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 714 words

Reading Time: 4 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 27978951

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