Facebook Pixel Higher gas costs may keep city gas distribution margins under pressure | Business Standard - newspaper - Bu hikayeyi Magzter.com'da okuyun
Magzter GOLD ile Sınırsız Olun

Magzter GOLD ile Sınırsız Olun

Sadece 9.000'den fazla dergi, gazete ve Premium hikayeye sınırsız erişim elde edin

$149.99
 
$74.99/Yıl

Denemek ALTIN - Özgür

Higher gas costs may keep city gas distribution margins under pressure

Business Standard

|

June 12, 2026

The city gas distribution (CGD) sector is impacted heavily by the West Asia conflict and faces an administered pricing mechanism (APM) gas phase-out.

- DEVANGSHU DATTA

This means margin pressure and an uncertain future outlook. The April 26 APM deallocation has been deferred. Recent petrol and diesel hikes have come alongside compressed natural gas (CNG) hikes, leaving the CNG-liquid fuel arbitrage unchanged in favour of gas.

India imported about 80 per cent of liquefied petroleum gas (LPG) from West Asia before the war. Loss of that supply has been partly offset by liquefied natural gas (LNG) imports from US, Nigeria, and Angola. Imports from the US have risen by multiples, but total LNG imports in May were down 40 per cent year-on-year (Y-o-Y).

Business Standard'den DAHA FAZLA HİKAYE

Business Standard

IOB raises rates on select FDs by 10 bps

State-owned Indian Overseas Bank (IOB) has increased interest rates on select domestic non-callable fixed deposits by 10 basis points, effective Thursday, after a decision taken at its Asset-Liability Committee (ALCO) meeting.

time to read

1 min

June 12, 2026

Business Standard

Sebi moves to align stock pricing across bourses

The Securities and Exchange Board of India (Sebi) has proposed a harmonised framework for determining base prices and daily price bands for stocks listed on multiple exchanges, aiming to reduce price divergence in securities.

time to read

1 min

June 12, 2026

Business Standard

Cong chief Kharge among 22 elected unopposed to RS

The returning officer on Thursday declared the three Bharatiya Janata Party candidates elected unopposed in the biennial Rajya Sabha elections in Madhya Pradesh, even as Congress candidate Meenakshi Natarajan has moved the Supreme Court against the rejection of her nomination.

time to read

1 mins

June 12, 2026

Business Standard

Business Standard

Citi cuts Nifty target to 26K on geopolitical risks, AI concerns

Global brokerage Citi has lowered its target for the Nifty 50 index to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India’s position in the global artificial intelligence (AI) ecosystem.

time to read

2 mins

June 12, 2026

Business Standard

Fractured North America begins historic World Cup

When this year’s World Cup was awarded to the United States (US), Mexico and Canada back in the summer of 2018, world leaders and soccer officials alike stressed an overarching theme: unity.

time to read

3 mins

June 12, 2026

Business Standard

Higher gas costs may keep city gas distribution margins under pressure

The city gas distribution (CGD) sector is impacted heavily by the West Asia conflict and faces an administered pricing mechanism (APM) gas phase-out.

time to read

3 mins

June 12, 2026

Business Standard

NCLT admits SBI’s plea for personal insolvency against Anil Ambani

The Mumbai Bench of the National Company Law Tribunal (NCLT) on Thursday admitted a petition filed by State Bank of India (SBI) seeking initiation of personal insolvency proceedings against industrialist Anil Ambani in his capacity as a personal guarantor under the Insolvency and Bankruptcy Code (IBC).

time to read

1 min

June 12, 2026

Business Standard

MFI credit lifeline may gain traction

SCHEME’S VALIDITY EXTENDED

time to read

2 mins

June 12, 2026

Business Standard

India Inc's ECB, FCCB intent moderated to $3.76 bn in April

Indian companies, including non-banking financial companies (NBFCs), filed proposals with the Reserve Bank of India (RBI) to raise $3.76 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in April.

time to read

1 min

June 12, 2026

Business Standard

Business Standard

India needs e-trucks, and it needs them now

Trucks constitute less than 5 per cent of India’s vehicle fleet, but account for nearly 40 per cent of on-road fuel consumption, 44 per cent of transport sector greenhouse gas emissions, and almost half of particulate matter and nitrogen oxide emissions from road transport.

time to read

4 mins

June 12, 2026

Listen

Translate

Share

-
+

Change font size