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Gas price hike to balance reforms, interest of poor: Pradhan

Last Updated: Tuesday, June 10, 2014, 17:00

Last week, a top oil ministry official said a decision on the issue will be taken before July 1.

Govt to announce new gas price by July 1

Last Updated: Thursday, June 05, 2014, 19:01

The government is likely to hike natural gas rates from July 1 after a new price formulation is approved by the Cabinet, a top Oil Ministry source said on Thursday .

RIL says new gas rates to be effective April 1

Last Updated: Wednesday, April 09, 2014, 18:01

After agreeing to temporarily sell gas to urea plants on old terms, Reliance Industries has told its sole customers the new formula, which almost doubles the price of the fuel, will apply from April 1.

RIL to sell gas at current rate as govt defers price revision

Last Updated: Friday, March 28, 2014, 20:36

Reliance Industries will continue to sell natural gas from its eastern offshore KG-D6 fields at the current rate until the next government decides on a revision in prices.

Crude oil production up 1.6%, natural gas down 10% in Dec

Last Updated: Friday, January 24, 2014, 21:40

India's crude oil production rose 1.6 percent in December but natural gas output was down by 10 percent by the flagging eastern offshore KG-D6 fields of Reliance Industries.

Govt imposes $792 mn additional penalty on RIL

Last Updated: Wednesday, November 20, 2013, 18:17

A notice disallowing USD 792 million out of the cost already incurred on the Bay of Bengal fields was sent to RIL on November 14, an oil ministry official said here.

SC agrees to hear plea for stay on RIL's arbitration petition

Last Updated: Wednesday, November 13, 2013, 16:34

A bench headed by Chief Justice P Sathasivam before which the matter was mentioned, said that it will take up the case along with PILs filed on the issue of gas pricing in January next year after the winter vacation.

RIL pushes for foreign arbitrator on KG-D6 gas fields

Last Updated: Monday, November 11, 2013, 21:22

The other two arbitrators are former Chief Justices S.P. Bharucha and V.N. Khare. While Justice Bharucha was nominated by the RIL, Justice Khare was nominated by the government.

Moily approves taking away 5 gas discoveries from RIL

Last Updated: Monday, October 28, 2013, 20:01

The five discoveries - D4, D7, D8, D16 and D23 - hold 0.805 trillion cubic feet of reserves, or about one-fourth of the restated reserves in the currently producing Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block, and are worth USD 10 billion.

Double penalty on RIL to impact investment climate: Plan Panel

Last Updated: Sunday, October 27, 2013, 11:28

The Planning Commission has warned that imposing a second penalty on Reliance Industries for producing less-than-projected natural gas from its KG-D6 fields could impact investment climate in the same manner as retrospective tax amendments.

Govt may appt global experts on sharp fall in KG-D6 gas output

Last Updated: Friday, October 04, 2013, 16:56

The expert will ascertain the reasons for sharp fall in natural gas production.

Blow to RIL: MC refuses to take view on appointment of expert

Last Updated: Tuesday, October 01, 2013, 17:30

The DGH has blamed RIL's failure to drill committed wells for the gas output falling by 80 percent to 10 million standard cubic metres per day from D1&D3 fields, instead of rising to the planned 80 mmscmd.