Cabinet approves revised domestic gas pricing mechanism recommended by Kirit parikh committe. This will help in reducing. This will help is improving margins for CGD companies like MGL, IGL, GUJGAS and also reduces cost for end customers(volumes will also increase). All the recommendation by KP committee seems to be accepted except annual hike of 0.5 USD per MMBTU comes only after 2 years( have to go through in detail to understand more)
https://pib.gov.in/PressReleseDetail.aspx?PRID=1914449
Dicl; invested in MGL and IGL.
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