@spartan – thanks. I have read several articles on this and all of them say it’s good for ONGC, Oil India and also for CGD companies.
However I don’t understand how can something be good for everyone? Who exactly pays for this? government?
It says CGD companies benefits from low cost but again these costs are to be passed on to consumers as CNG and PNG prices may also have to fall. So how exactly does it benefit to CGD
And on other hand , there is a cap on prices for gas production from ONGC and Oil India (no doubt there is floor as well)… But cap is negative right?
Just trying to understand in case anyone knows it in more depth.
Disclosure: Not invested
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