The 13% increase in India’s domestic gas prices announced at the beginning of the month is unlikely to have a major impact on demand, experts have said.
The hike is India’s first since it introduced a new pricing formula in late 2014, and the price of gas has fallen by around half since then. The price rise will last for the six-month period from October to April.
The fertiliser, power and petrochemicals sectors are the biggest consumers of gas in India. Gas prices for the fertiliser...
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