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Indraprastha Gas (IGL) has been in the market ire for many years. Government-led regulatory changes are primarily to be blamed. And recently, the government cut its subsidised gas allocation to city gas distributors by another 20 per cent, the second time this year. What this means is that IGL, which gets a part of its gas supply from the government at lower prices, will now have to fill the gap by importing costlier liquefied natural gas (LNG). This will raise costs and shrink margins.
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