ONGC falls; gas price hike seen discounted

Oil and Natural Gas Corp falls 0.1 percent

India to decide on diesel deregulation after state polls.

Traders add stock has already priced in higher gas prices.

ONGC is up 40 percent in 2014 as of Tuesday versus a 26 percent gain in Nifty.

(Reporting by Abhishek Vishnoi)