India's city gas firms rise as government lifts commercial cylinder allocation

Gujarat Energy

19/03/2026 04:47

** Gujarat Gas GGAS.NS, Mahanagar Gas MGAS.NS rise 7.8% and 3.2%, respectively

** GGAS set to snap five-day losing streak

** Ministry of Petroleum and Natural Gas issues order to raise allocation of commercial cylinders to states by 10%

** Increase applies where states can help promote piped natural gas (PNG) and shift consumers from cylinders to piped supply

** Move aims to boost PNG use amid LPG shortage

** GGAS rated "hold", MGAS rated "buy" on avg, per data compiled by LSEG

** YTD, GGAS falls 12%, MGAS down 11%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))