MGL, IGL: Gas stocks mixed after govt hikes domestic gas allocation

Quick Summary:

APM gas is natural gas sold at a government-regulated price, significantly lower than market rates.

This partial restoration of APM allocation is incrementally positive for the city gas distributor sector.

A reduction in APM gas allocation forces companies to buy more expensive gas on the open market, potentially driving up prices for consumers.

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Category: BusinessFinance

Markets: India

Topics: Market today IGL share price Nse Lpg IGL share price target IGL share price today Nifty IGL share price target 2025 Indraprastha Gas share price Sensex Mahanagar gas share Adani total gas share price GAIL share price Bse Adani total gas share Apm price Mahanagar gas share price Markets City gas distribution Cng

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 13:54:01 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 644 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 38 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25032315

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Coverage Areas: India

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