Pipe natural gas prices have soared by nearly 100% in the past year. Some of it has to do with Russia, which is now a pariah after Ukraine invasion. India meets 50% of its demand through domestic production from state-owned gas fields. But domestic prices in India are regulated since most Indians depend on gas one way or another.
In today’s episode for 15th October 2022, we offer a simplified explanation of why gas distribution companies like Indraprastha Gas and Mahanagar Gas are feeling the pinch these days.
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