Gas stocks surge as Street turns bullish on Centre's revised natural gas pricing formula
GAIL slashed its CNG and piped cooking gas prices by up to Rs 7 per kg in various states, while MGL also reduced CNG prices by Rs 8 per kg and domestic PNG by Rs 5/SCM (standard cubic metre) in and around Mumbai.
IGL has cut CNG and PNG prices by Rs 6 in the national capital. Private gas service major Adani Total Gas also reduced its CNG prices by Rs 8.13 per kg and that of PNG by Rs 5.06 per SCM. (Image credit: Reuters)