MUMBAI (Reuters) - Shares in oil and gas explorers slumped on Thursday after the government deferred a decision on Wednesday to raise prices of locally produced gas for next three months, saying the matter requires more discussion.
Reliance Industries
However, analysts say the deferment of gas price hike is near-term negative but it does not change the direction of structural reforms in the oil and gas sector.
(Reporting by Abhishek Vishnoi and Indulal PM; Editing by Anupama Dwivedi)
