Benefits of fuel price hike far outweigh hit from gas price hike: GAIL
The big concern with GAIL has been that the hit from a gas price hike will wipe out benefit from fuel price reforms. However, PK Jain, director of finance at GAIL, says this is not the case. While GAIL’s portion of the share of under-recoveries is Rs 3200 cr, the hit from gas price hike could be Rs 500 cr, he explains.
