India's city gas firms rise on hopes of cut in CNG excise duty

Gujarat Energy

24/12/2024 06:47

** Shares of city gas distributors rise on local media
reports that oil ministry re-submits a proposal to halve excise
duty on CNG to 7%
    ** Indraprastha Gas  IGAS.NS , Gujarat Gas  GGAS.NS , Gail
(India)  GAIL.NS  and Mahanagar Gas  MGAS.NS  gain between 1.7%
and 2.7%
    ** YTD, IGAS down ~5%, GGAS up ~10%, MGAS up ~5% and GAIL up
~23%

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))