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BP Plc writes off $830 million investment in KG-D6 block

BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.

BP says gas price hike positive step

BP plc, Europe's third-biggest oil company, has said that the 33 percent increase in natural gas price is a positive step towards creating an economic landscape that helps in development of gas resources.

Govt raises natural gas price to $5.61/unit

The government on Saturday approved raising natural gas price to USD 5.61 per mmBtu from November 1 but Reliance Industries will continue to get current USD 4.2 rate till it makes up for shortfall in output from KG-D6 block.

Delay in gas price hike frustrating, says BP

BP Plc, Europe's second-largest oil company, on Thursday said the delay in implementation of a natural gas price hike was frustrating as the delay was holding back investments.

Vedanta for an independent regulator for oil and gas sector

As government debates on gas price hike and a new contract for oil and gas exploration, Vedanta Resource today said domestic rates should be linked to international markets and an independent regulator be set up.

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

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

Cabinet defers decision on gas price hike by 3 months

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.

Oil Minister to attend Cabinet meeting amid gas price hike speculation

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

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.

Dharmendra Pradhan takes over as Oil Minister

Hinting at pro-poor approach in dealing with fuel and gas price hike, new Oil Minister Dharmendra Pradhan on Tuesday said energy self-reliance is a pre- requisite for the country to become an economic superpower.

New gas rates to be applicable from Apr 1: RIL to buyers

Forced to sell gas at rates that have long expired, Reliance Industries has categorically told buyers of its KG-D6 gas that new rates as and when approved, will apply from April 1.

CNG price in Delhi hiked by Rs 2.95 a kg; PNG Re 1 per unit

CNG will cost Rs 38.15 per kg from Saturday as against the current rate of Rs 35.20.

CNG price hiked by Rs 2.95, piped cooking gas Re 1

CNG price in Delhi has been hiked by Rs 2.95 per kg and piped cooking gas by one rupee per unit with effect from midnight tonight.

Moily attacks Dasgupta for malicious campaign on gas price

In his sharpest attack on critics of the gas price hike decision, Oil Minister M Veerappa Moily on Thursday accused CPI leader Gurudas Dasgupta and his "accomplices" in the petroleum ministry of carrying out a malicious campaign for vested interests.

Will fight till end to stop gas price hike: Arvind Kejriwal

Aam Aadmi Party convener Arvind Kejriwal on Sunday promised to "fight till our last breath" to stop the gas price hike in Parliament.

Show Modi`s letter on gas price hike or apologise: BJP to Kejriwal

BJP on Thursday challenged AAP leader Arvind Kejriwal to furnish the letter he claims that Modi had signed in favour of a gas price hike or apologise for lying.

There was no case for referring gas price hike to EC: FM

Last week, the EC asked the UPA government to defer notifying doubling of price of the fuel produced by companies such as Reliance Industries till general elections are completed.

Near-term challenges for fertiliser sector remain: Report

ICRA Research estimates a relatively moderate overall volume growth in FY15 with imports of non-urea fertilisers expected to grow by 15-20 percent in the next fiscal.

EC defends gas price order, says govt could have revised rates

The Election Commission Tuesday defended its decision to delay the increase in natural gas prices till completion of elections, saying the UPA government could have gone ahead and revised the rates if it was confident the decision was taken much earlier.

EC move to defer gas price hike against stated govt policy: CII

The Election Commission yesterday asked the UPA government to defer notifying doubling of price of the fuel produced by companies such as Reliance Industries till general elections are completed.