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India should benchmark gas price to deficit nations: S&P

India should benchmark gas price to deficit nations: S&P

India should benchmark its natural gas prices to similar gas-deficient nations instead of using rates prevalent in gas-surplus geographies like the US and Canada, says Standard & Poor's Ratings Services.

 

CII in favour of dollar based gas pricing

This is also directionally a step towards achieving market determined pricing which will encourage the development of a competitive gas market in the country.

Oil Min may take gas pricing issue to CCEA or EGoM

The Oil Ministry may take the Rangarajan panel recommendation of mandating a price of about USD 8-8.5 for natural gas, produced by companies like Reliance Industries, to CCEA or EGoM for approval.