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  • 17 May 2022
  • ICICI Securities

Gail to supply gas to CGDs to compensate APM shortfall

GAIL - 132 Change: -3.30 (-2.44 %)

News: According to The Economic Times, Gail will supply natural gas at US$ 8.04/mmbtu to CGD companies during second fortnight of May for CNG and domestic PNG

Views: CGD companies are currently using contracted or spot LNG to copensate APM shortfall for CNG and domestic PNG mix. Supply by Gail will help CGD companies to reduce their gas sourcing costs. CGD companies may reduce CNG rates to pass on cost benefit to consumers 

Impact: Positive

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11-May-2022 10:00