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Oil Ministry wants RIL to sell gas at $4.2; $6-6.5 price for others

Last Updated: Sunday, August 03, 2014, 11:31

The new rates were to apply for gas from currently producing MA field in the same KG-D6 block as the government had accepted geological reasons forwarded by RIL for its output lagging targets.

Oil Min proposes gas price of $6-6.5 per unit, RIL may be denied new price

Last Updated: Saturday, August 02, 2014, 10:24

More than a month after it deferred a decision on raising natural gas prices, the Government on Friday said it has not taken a final decision on the issue yet.

Oil regulator to complete study on gas market margin by Dec: Govt

Last Updated: Monday, July 21, 2014, 17:43

Oil regulator PNGRB will decide on the margin that natural gas sellers like GAIL and Reliance Industries can charge from urea manufacturers and LPG plants by year end, Oil Minister Dharmendra Pradhan said Monday.

Gas price: Govt joins arbitration initiated by RIL, partners

Last Updated: Thursday, July 17, 2014, 19:26

The government Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.

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.