$2 gas to hit local logistics

PNGRB inexplicably chose to cut 63% in gas pricecs at retail and 59% on compression charges for local gas companies including IGL and 6 Gujarat based plays including Gujarat Gas and Guj state Petronet Limited. However cheap gas could have given gas companies some mileage in profits which would now nostly lead to an estiumated 80% reduction in profits at Gas companies. Earlier Reliance Gast Traqnsport has been put up for sale to State Oilco owners like ONGC for the commercial gas infra from Reliance Gas e&p programs.

 

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