ONGC shares gain on hopes of hike in gas prices

Last Updated: Thu, Jan 24, 2013 05:59 hrs

Shares in state-run Oil and Natural Gas Corp Ltd (ONGC) rose 3.4 percent in pre-open trading on Thursday as the oil ministry is expected to soon recommend a revision in local gas prices.

The oil ministry will soon send the recommendations to the cabinet for consideration, a ministry source told Reuters on Wednesday.

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