Gujarat Gas hikes industrial PNG price by Rs.11/scmGUJGASLTD - 419 Change: -0.60 (-0.14 %)
News: As reported in Indian Express, Gujarat Gas increased industrial PNG price by Rs.11/scm to Rs.58/scm for ceramic and sanitaryware clusters in Morbi and Surandranagar areas from November 1.
Views: This is second sharp hike in industrial PNG price in the current quarter. Industrial PNG constitutes more than 70% sales volume of Gujarat Gas. While price hike is done to pass on increase in gas cost to customers, sales volume in Morbi and Surendranagar are likely to be impacted in near term.