GAIL sells part stake in China Gas Holdings for Rs 385 crore

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SummaryChina Gas has exclusive rights to set up gas distribution projects in 42 cities in China.

reporters here.

While price realised on sale of LPG was 19 per cent higher at Rs 50,000 per tonne, the segment suffered loss as the company had to shell out Rs 700 crore to in fuel subsidies.

Upstream firms like ONGC and GAIL make up for more than one-third of the losses that fuel retailers suffer on sale of diesel, domestic LPG and kerosene at government controlled rates. PTI

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