Government in decision-making mode in oil and gas sector: BP Singh, Pramerica Mutual Fund

In a chat with ET Now, BP Singh, ED & CIO-Equities, Pramerica Mutual Fund, shares his views on the oil and gas space. Excerpt:

ET Now: With the Oil Ministry's call on Thursday to hike gas prices, how positive is this for the space?

BP Singh: It is a positive decision as we have crossed the threshold. Some decision making has started; this was something which was expected. I do not expect the stocks to react substantially on this news. What it indicates is that the government is now in the decision-making mode.