Mahanagar Gas may raise prices if subsidised supply drops more
Companies including Indraprastha Gas, Gujarat Gas , Mahanagar Gas have seen their margins squeezed because the allocation of natural gas sold under government-set Administered Pricing Mechanism (APM) has fallen because of lower output at domestic wells. To make up the shortfall, the companies have to buy gas on the more expensive open market.
Ashu Shinghal Natural Gas Corp Mahanagar Gas Indraprastha Gas Gujarat Gas Administered Pricing Mechanism
Source: indiatimes.com