Gujarat Gas to hike industrial PNG price

News: As per CNBC TV-18, Gujarat Gas will hike its price by Rs.45/scm to Rs.106/scm for industrial PNG customers in Morbi ceramic cluster. The price hike will be for volumes above 5.5-6 mmscmd.

Views: Spot LNG prices continue to remain at a higher level which led to fall in margins of Gujarat Gas. While volume growth may be impacted in near term, this sharp price hike will help Gujarat Gas maintain its margin on incremental industrial volume.

Impact: Neutral