Domestic Gas Price: Positive for user industries but dampener for production

gas price

Impact analysis on sector wise:
Upstream Sector:
Reduction in domestic gas price to disincentivise upstream exploration and development
Power Sector:
Domestic gas based cost of power generation to decline by about 11%; remains sensitive to both volatility in international gas price & INR-USD exchange rate
Fertiliser Sector
Lower gas prices should reduce the subsidy burden for GoI by Rs. 12-13 billion:
City Gas Distribution Sector
CNG and PNG (domestic) prices to decline, strengthening their competitiveness against auto-fuels and LPG (domestic) respectivelyRead More>>

 

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