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Demonetization will hit gas sales
Nov 23: Demonetization will hit gas sales in the industrial segment, according to initial reports.
8Utilization in many small industrial units are likely to decline initially before things improve
8Some gas suppliers are feeling the pinch more than others
8But the outlook may be positive as supplies of coal and even some volumes of liquid fuel in cash is curbed
8Volume decline in the industrial sector had been a concern due to low priced competing fuels resulting from sharp fall in the price of crude
8Find out more on how demand shrinkage has hit one prominent gas supplier very badly
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