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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.

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 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.

RIL asks Oil Min to announce new gas price on May 13

Last Updated: Tuesday, April 29, 2014, 15:39

Reliance Industries has asked Oil Ministry to announce a new natural gas price immediately after polling ends on May 12, saying this was necessary to avoid irreparable loss to all parties, including the government.

Arvind Kejriwal keeps changing his statements, says Malhotra

Last Updated: Thursday, April 03, 2014, 21:33

BJP on Thursday latched on to AAP leader Arvind Kejriwal`s controversial remark that he would join the saffron party if Narendra Modi makes a commitment that he would not increase the natural gas price after becoming Prime Minister.

Higher rates will help increase domestic gas output: Moily

Last Updated: Friday, December 20, 2013, 13:42

Defending the government decision to double natural gas prices from April next year, Oil Minister M Veerappa Moily on Friday said higher rates will help raise domestic production and cut dependence on imports.

Cabinet to decide on capping natural gas price hike

Last Updated: Wednesday, November 27, 2013, 15:45

The Union Cabinet had in June decided to price all domestically produced natural gas at an average of the price prevailing at international gas trading hubs and the actual cost of importing liquid gas (LNG).

Rs 11,000-cr payout plan to subsidise cost of gas-based power

Last Updated: Wednesday, September 11, 2013, 19:38

With gas supplies to power plants drying up, the Power Ministry has moved the Cabinet Committee on Economic Affairs (CCEA) proposing about Rs 11,000 crore payout to subsidise costlier power arising from rising gas rates.

Double-digit gas price will halve demand: Moily

Last Updated: Tuesday, September 10, 2013, 21:29

Amidst a row over doubling of natural gas prices, Oil Minister M Veerappa Moily Tuesday said a double digit rate will halve the demand for environment- friendly fuel in the country.

CNG prices hiked by a steep Rs 3.70 per kg

Last Updated: Saturday, September 07, 2013, 18:56

Price of Compressed Natural Gas (CNG) sold to automobiles in the national capital has been increased from Rs 41.90 to Rs 45.60 per kg with effect from midnight tonight.

Rs 3 CNG hike, piped gas slab change to upset home budget

Last Updated: Saturday, September 07, 2013, 11:28

Mahanagar Gas Limited has increased the price of CNG or compressed natural gas with immediate effect. Also, the utility slabs for piped natural gas or PNG have been reduced.

GSPC hikes CNG prices by Rs3 to all-time high

Last Updated: Friday, September 06, 2013, 11:42

GSPC Gas, a part of the state-owned Gujarat State Petroleum Corporation (GSPC), has revised prices of CNG, which is used by vehicles, from Rs63.30 per kg to Rs66.30.