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The state run gas distribution player, GSPC Gas Company Ltd has cut piped natural gas prices for the industrial users in the state 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.
“Considering the natural gas prices in the international market, GSPC Gas Company has decided to reduce the gas prices for its industrial users to be effective from December 16,” a company statement said.
The revised rate for the PNG-industrial is Rs 38.65 per scm (without taxes) against the old rate of Rs 39.65 per scm.
The downward revision in the rates for industrial users is the second in less than a month's time. On November 16, the gas distribution arm of Gujarat State Petroleum Corporation (GSPC) had reduced gas prices for its industrial users by Rs 2 per scm. The company has over 1,900 industrial consumers in the state.
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