PNGRB raps Petronet LNG; shares tank
Financial Express Lucknow|January 03, 2025
● Tariffs not under regulator's purview, says company
FE BUREAU

THE PETROLEUM AND Natural Gas Regulatory Board (PNGRB) has called out Petronet LNG for "profiting at the expense of gas consumers", a move that sent the company's stock plunging 8.5% in intra-day trade on the BSE on Thursday. The shares later closed at ₹327.7, down 5.66%.

In a recent paper, PNGRB said the company has been increasing tariffs at its Dahej terminal on an annual basis without passing on the benefits of capacity expansions and improved utilisation to the consumers.

هذه القصة مأخوذة من طبعة January 03, 2025 من Financial Express Lucknow.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 03, 2025 من Financial Express Lucknow.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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