Government modifies gas allocation order, imported LNG to meet rising city gas demand
The oil ministry has modified its gas allocation policy for the city gas sector, allowing state-owned GAIL (India) Ltd to import gas and buy from newer domestic fields to meet growing demand from households and transport sector. GAIL NSE -0.37 % will pool or average out the price of imported as well as newer field gas with the lower-priced regulated field gas to supply to city gas entities for sale as CNG to automobiles and piped natural gas to households, a ministry order said.
