Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas

Q: How long will it take to read this news story?

The story "Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas" has 738 words across 19 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas" was covered 4 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 139 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27947545</li><li>URL: https://citrocola.beamstart.com/news/govt-cut-cheaper-apm-gas-17448018252742</li></ul>

Business Standard Logo Business Standard 4d ago

Govt cut cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas - Business Standard

Quick Summary:

GAIL (India) Ltd, the state-owned nodal agency for gas supply, has intimated about a cut in supply of gas from legacy fields, called Administered Price Mechanism (APM) gas, the three city retailers said in separate stock exchange filings.

The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel.

The production of APM gas, which is currently priced at USD 6.75 per million British thermal unit, is declining at the rate of 9-10 per cent annually as recovery from old and ageing fields falls.