Oil & gas sector outlook 2026: Higher brent prices seen boosting upstream firms, hurting OMC marginsGlobal oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...
CGD stocks slump up to 31% in a year. Can LPG crisis fuel fresh interest in IGL, GAIL, and others?City gas distribution stocks have fallen up to 31% amid an LPG crisis, with the government pushing PNG connections. Despite technical weakn...
PNGRB directs City Gas Distributors to provide connections to institutions, community ktichens within 5 daysThe Petroleum and Natural Gas Regulatory Board (PNGRB) has issued an order directing all the City Gas Distribution (CGD) entities to provid...
India suggests measures to ease 'still worrying' LPG crisis, offers 10% more commercial allocation to statesThe Indian government has expressed concern over the LPG situation, offering states an additional 10% allocation of commercial LPG. This in...
Hot Stocks: Brokerages on Zydus Life, PB Fintech, GAIL India and Bharat ElectronicsGovt has kept prices unchanged at $8.6/mmbtu for now. Continued delay could create a near-term overhang for the city gas distribution (CGD)...
Momentum pick: MGL hits 52-week high; can offer gains worth up to Rs 200/shareThe stock hit its 52-week high of Rs 995.50 on the intraday basis on Wednesday and ended flat at Rs 986 on the NSE.Considered as a dominant...
BPCL to invest Rs 10,000 crore in six new city gas licencesBPCL had won 6 GAs in 19 districts for setting up City Gas Distribution (CGD) networks, in the 11th bidding round of Petroleum and Natural ...
City gas distributors feel the heat as global fuel prices soarGlobal gas prices are rising again after falling by nearly 50 per cent in the past two years. The US benchmark Henry Hub price rose to $ 5/...
Derating cycle may end for gas distributorsUnder the new policy, third party open access has been allowed for new CNG stations after the date of notification while the existing facil...
The week that was: Rally in CGD stocks, LVB suspension & moreMahanagar Gas shares rallied 14 per cent during the week after regulator PNGRB simplified the country's gas pipeline tariff structure.
Petroleum Board rejects Indraprastha Gas's objection to CNG retailing in DelhiIGL said, 'the issue regarding ending of exclusivity of IGL in Delhi is sub judice before Delhi High Court vide Writ Petition no. 9374/2015...
Gujarat Gas up 11% on nod to start gas distribution in ThaneThe company's stock soared 11.36 per cent to settle at Rs 742.80 on the BSE. During the day, it moved up by 15.42 per cent to Rs 769.95.
Should investors buy Gujarat Gas after 15% rally?GGCL has been granted 300 mths of infra exclusivity i.e. valid up to April 01, 2040 and 60 months of marketng exclusivity valid up to April...
Gujarat Gas get PNGRB approval for gas network in Thane; stock surges 15%It got an authorisation from PNGRB to lay, build, operate, or expand city or natural gas distribution network for the geographical area of ...
- Oil ministry-PNGRB tussle makes city gas expansion a far cry due to uncertain policy framework
Govt's plan to expand gas distribution networks to 200 cities by 2015 is facing hurdles of uncertain policy framework, lack of cheap domest...
- CGD likely to discuss disinvestment in oil PSUs
The Core Group of Secretaries on Disinvestment is likely to initiate discussion on Wednesday on divestment in Oil PSUs HPCL and BPCL beside...
- CGD meet on Nov 14 to discuss ICVL, HCL, Nepa
The Core Group of Secretaries on Disinvestment is likely to meet on November 14 to scrutinise transaction documents for Instrumentation Ltd...