No Gas! Inclusion In GST To Light Up Producer, Distributor Stocks

No Gas! Inclusion In GST To Light Up Producer, Distributor Stocks

ET Intelligence Group: The likelihood of including natural gas under the Goods and Services Tax (GST) gamut augurs well for the gas producing and distributing companies since it will result in lower prices of the fuel thereby making it more competitive with respect to other fuels. Dharmendra Pradhan, Minister of Petroleum and Natural Gas (MoPNG), recently made a strong case for the inclusion of natural gas in the GST regime stating that it is a cleaner fuel than coal, which is already under GST.

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