Gas Price Hike Deferment Creates Uncertainty: Citi
  • Prabha Hedge
  • Mar 25 2014

March 25: In a major development, the Election Commission has written to Oil Secretary to defer new gas price notification as issue is subjudice. Agam Vakil shares that in a larger impact, the move has dealt a severe blow to counters like RIL, ONGC and Oil India. Also, speaking to Bloomberg TV India, D.K. Sarraf, Chairman, ONGC, says, “We expect the new government to study the move and approve gas price hike.”