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RIL unlikely to benefit from gas price hike, shares fall

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Shares in Reliance Industries declined over 1 per cent as the recent recommendation on a revision in local gas prices was seen benefiting state-run upstream companies such as ONGC and Oil India with immediate effect.

However, any price revision will not be applicable to gas produced from Reliance Industries-operated D6 block on the east coast, where pricing has been fixed until April 2014.
 


(Copyright Thomson Reuters 2013)

Story first published on: January 24, 2013 14:55 (IST)

Tags: RIL, ONGC, OIL


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