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First Natural Gas Price Hike In 18 Months May Not Aid ONGC, Oil India
Analysts expect the cleaner fuel’s price to rise 6% over the last six months to $1.9 per mmBtu under a bi-annual pricing scheme.
30 Mar 2021, 02:18 PM IST
Domestic prices of natural gas are expected to rise for the first time in over 18 months in April as the government implements price hikes.Analysts, including Urvisha H Jagasheth, research analyst at CARE Ratings; and Probal Sen, oil and gas analyst at Centrum Broking, expect the cleaner fuel’s price to rise 6% over the last six months to $1.9 per metric million British thermal units under the bi-annual administrative price mechanism...
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