India's ONGC shares gain on hopes of hike in gas prices

MUMBAI Thu Jan 24, 2013 9:13am IST

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Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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MUMBAI Jan 24 (Reuters) - Shares in state-run Oil and Natural Gas Corp Ltd 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. (Reporting by Rafael Nam)

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