The stock producer of natural gas surged on April 1 after the government on March 31 hiked the price of gas provided by more than 100 percent to $ 6.1 per mmbtu for the first half of the new financial year.

Spike in a domestic managed price comes behind a surge in global natural gas prices triggered by a surge in demand after the economic reopening and lack of supply caused by Western sanctions slap Russia to Ukraine.

At home, gas producers such as oil & gas natural gas, Indian oil and reliations will be the main beneficiary for the increase in natural gas prices.

Market participants were relieved that the government maintained a formula-based approach to natural gas prices, amid fears that it could cut the mechanism that inflation could have.

Brokers previously said that the city gas distribution company, for whom natural gas is input, has made representation to the government for the increase in natural gas prices staggered.

CLSA India brokerage company said that the price increase was “big positive” for ONC and Indian oil because reform could not be rolled back with high energy prices. It expects 160 percent and 130 percent upside down in ONC and Indian oil.

Ongc shares, the oil and reliance industries rose 0.4-1 percent on the national stock exchange.

On the other hand from the table, analysts expect pain to city gas distributors and Gail Marketing Division.

The city gas distribution company has seen a sharp reduction in their margins over the past few months due to higher natural gas prices. This sector has taken a sharp price increase so far but there are fears that demand can be about further gains.

Morgan Stanley Indian brokerage company is a less severe natural gas player like Petronet LNG and gas grunes. However, Mahanagar gas shares rose 0.2 percent in NSE, while Indraprastha gas was 0.4 percent higher.