Ruchi AgrawalMoneycontrol Research
In the recent bi-annual revision, the domestic prices of natural gas were hiked by almost 6 percent. This is the second consecutive hike after five previous price cuts. The new rates would be applicable for gas sales between April to September 2018. Amid rapidly increasing demand for natural gas, the move provides some respite for the domestic upstream oil and gas companies who could foresee a tad uptick in realizations, though it might lead to increased costs for consumers, both domestic and industrial.