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Indraprastha Gas Ltd, Petronet LNG, GAIL Down on Cost-Based Margins Report

  • Shares in gas distribution companies Indraprastha Gas Ltd, Petronet LNG Ltd and state-run gas utility GAIL (India) Ltd were trading lower on a media report, which said that government has formally asked the petroleum regulator to determine marketing margins for natural gas on the basis of costs.

  • The rule would be applicable to "all marketers" of natural gas, including GAIL India, the report said. Until now, marketing margins were negotiated between buyers and sellers. At 1.31 p.m., shares in Indraprastha Gas, Petronet LNG and GAIL were trading 3-7 percent lower.

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