GAIL Shares Drop 6.5% as Tariff Hike Falls Short of Expectations Despite Long Delay

GAIL fell 6.5% after PNGRB approved a lower-than-expected 12% tariff hike, with analysts highlighting limited parameter revisions and near-term technical weakness despite long-term optimism.

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4 days ago

GAIL Shares Drop 6.5% as Tariff Hike Falls Short of Expectations Despite Long Delay

GAIL Shares Drop 6.5% as Tariff Hike Falls Short of Expectations Despite Long Delay
GAIL shares slid over 6.5% on Friday after the PNGRB approved a 12% tariff hike for the company’s integrated natural gas pipeline network, effective January 2026. The increase came in below market expectations of 15% and far short of the 33% hike GAIL had requested, dampening investor sentiment. Analysts noted the revision applies to only two operational parameters, meaning realised gains may be smaller.