GAIL’s prospects got a boost with the Petroleum and Natural Gas Regulatory Board (PNGRB) proposal of unified tariff for all pipelines. The stock gained more than 8 per cent intraday on Friday before closing 5.75 per cent higher at Rs 419.10 levels. The proposal if accepted not only can provide boost to gas demand but also help GAIL see improved tariffs and consequently higher return ratios.

PNGRB has proposed consultation on the implementation of integrated authorization of unified/pooled tariff for cross-country gas pipeline network or all connected pipelines of GAIL. The unified or pooled tariff for the