GSPC Gas cuts PNG prices for second consecutive month
GSPC Gas Company Ltd on Thursday reduced the price of natural gas being supplied to industrial units in Gujarat by one rupee per standard cubic meter or SCM.
This is the second consecutive month, when GSPC Gas — a subsidiary of state-run Gujarat State Petroleum Corporation (GSPC) has scaled down the prices of piped natural gas being supplied for industries. In November, the company had scaled down the prices by Rs 2 per SCM.
“The prices have been revised taking into account the international price of gas,” stated an official release. The latest revision will come into effect from December 16, 2014. After the revision, the prices per SCM of natural gas will stand at Rs 38.65 (without taxes).
GSPC Gas supplies 3.8-4 mmscmd (million metric standard cubic meter per day) of PNG to over 1900 industrial customers in Gujarat.