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Price of Natural gas should not be increased: Trade Body

Last Updated: Saturday, July 12, 2014, 17:25

A city based trade body, representing the chemical industries, Saturday said the recommendations of the Rangarajan Committee set up during the UPA regime for fixing the price of natural gas had "several flaws" and that the price should not be increased.

RIL, BP slap arbitration notice on Govt for gas price hike

Last Updated: Sunday, July 06, 2014, 12:17

RIL-BP-Niko on June 17 served a formal arbitration notice naming London-based Sir David Steel as its arbitrator.

Gas price revision can happen even before October 1: Pradhan

Last Updated: Sunday, July 06, 2014, 01:27

Weeks after implementation of a contentious gas pricing formula was put off by three months, Oil Minister Dharmendra Pradhan on Saturday indicated that gas price revision may happen well before October 1.

Unfair to expect gas price decision by new govt so soon: ONGC

Last Updated: Thursday, June 26, 2014, 18:13

The UPA government-approved formula, if implemented, would have increased power tariffs by Rs 2 per unit and CNG rates by Rs 12 a kg.

Govt defers decision on natural gas prices by 3 months

Last Updated: Wednesday, June 25, 2014, 20:40

In a setback to gas producers like Reliance Industries, the government on Wednesday postponed revision in natural gas prices by three months pending a "comprehensive" review to make a controversial pricing formula more palatable.

Cabinet defers decision on gas price hike by 3 months

Last Updated: Wednesday, June 25, 2014, 18:41

In a much needed relief for the common man, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday put off the decision to hike gas price by three months stating that the new government should be given more time to decide on it.

Govt to slap additional penalty of $578 million on RIL

Last Updated: Wednesday, June 25, 2014, 15:41

The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.

Oil Minister to attend Cabinet meeting amid gas price hike speculation

Last Updated: Wednesday, June 25, 2014, 12:17

Oil Minister Dharmendra Pradhan will attend a Cabinet meeting on Wednesday, a government source said, amid speculation that India could raise gas prices from July 1.

NDA government shouldn`t increase price of gas: Subramanian Swamy

Last Updated: Tuesday, June 24, 2014, 19:36

Finding faults with the NDA government`s move to hike LPG prices by Rs 5 due to spurt in crude oil price in international market, the BJP leader Subramanian Swamy on Tuesday said that the decision will be unfortunate and shouldn`t be implemented.

Second high level Cabinet meeting on gas price today

Last Updated: Tuesday, June 24, 2014, 09:10

The second high level Cabinet meeting on gas prices is scheduled to be held on Tuesday. Principal Secretary Nripendra Misra will be chairing the meeting.

Gas price: PM meets Pradhan, Jaitley

Last Updated: Sunday, June 22, 2014, 17:20

Prime Minister Narendra Modi on Sunday met Oil Minister Dharmendra Pradhan for the second time in three days, apparently to hammer out an acceptable increase in natural gas prices that could be announced soon.

Gas price hike: Mukesh Ambani says will win public trust

Last Updated: Wednesday, June 18, 2014, 19:24

Facing criticism from certain political quarters over natural gas price hike, Reliance Industries Chairman Mukesh Ambani Wednesday expressed confidence the company will win public trust as it believes in creating wealth and livelihood for millions in a transparent manner.