The proposed revision in the domestic gas pricing formula by the Kirit Parikh Committee is likely to benefit city gas distribution companies (CGDs) in the short term, while it may marginally hurt gas producers such as Oil and Natural Gas Corporation (ONGC) and Oil India (OIL), observe analysts.
The committee on Wednesday recommended a floor and ceiling price of $4 per metric million British thermal unit (mmBtu) and $6.5 per mmBtu, respectively, for gas produced from old or legacy fields of ONGC and OIL. This, say experts, is likely to offer headroom to CGDs to reduce prices and mitigate margin pressures to some extent. "The committee's recommendations, if accepted by the government, could be positive for CGDS in the near term. They will have the flexibility to cut prices of compressed natural gas (CNG) and piped natural gas (PNG) by 20-25 per cent, making them competitive against alternative fuels like petrol, diesel, and liquefied petroleum gas," says Deepak Jasani, head of retail research, HDFC Securities.
هذه القصة مأخوذة من طبعة December 02, 2022 من Business Standard.
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هذه القصة مأخوذة من طبعة December 02, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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