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Govt examining EC order to defer doubling of gas prices

Last Updated: Tuesday, March 25, 2014, 14:07

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

DGH disagrees with Kelkar report on oil exploration contracts

Last Updated: Monday, January 13, 2014, 14:07

Kelkar, who was Oil Secretary from 1995 to 1997, submitted the first part of his report last week.

Q1 natural gas price $6.8 per unit by Ranga panel formula

Last Updated: Saturday, July 06, 2013, 10:08

The price for natural gas in India for the April-June quarter of this year comes to USD 6.83 per unit, as per the government's new gas pricing policy, the petroleum ministry said.

BP board to hold meet in India this week

Last Updated: Tuesday, May 14, 2013, 18:44

Members of BP board including Chairman Carl-Henric Svanberg and CEO Bob Dudley arrived here today ahead of the board meeting, sources privy to the development said.

EGoM on gas on May 7; power tariff to rise by only marginally

Last Updated: Tuesday, April 30, 2013, 12:56

An Empowered Group of Ministers (EGoM) will meet on May 7 to consider nearly doubling the price of domestic natural gas, a move that is expected to result in just a 2.6 percent hike in electricity tariff and a 13 percent rise in fertiliser subsidy.

Experts cautiously hopeful on sugar decontrol

Last Updated: Saturday, April 06, 2013, 12:55

Experts have kept their fingers crossed in relation to dilution of the spirit of the Rangarajan’s committee recommendations.

BP says $8-8.50 inadequate for developing deepsea gas finds

Last Updated: Thursday, March 28, 2013, 15:14

UK's BP plc has said that Rangarajan Committee recommendation of doubling domestic natural gas price to USD 8-8.5 per mmBtu will be inadequate for bringing high risk deepsea discoveries to production.

CAG has power to audit oil & gas blocks: Rangarajan

Last Updated: Wednesday, January 02, 2013, 20:33

The Prime Minister-appointed Rangarajan Committee, which went into oil and gas contracts, Wednesday said CAG's authority to audit expenses was unquestionable.

Panel recommends average global prices for domestic gas

Last Updated: Wednesday, January 02, 2013, 15:53

The Prime Minister-appointed Rangarajan Committee has suggested mandating a price of domestically produced natural gas at an average of international hub prices and cost of imported LNG instead of present mechanism of market discovery.

No need for CAG audit of CBM blocks: Rangarajan panel

Last Updated: Wednesday, December 26, 2012, 18:02

Amidst a row over CAG audit of Reliance Industries' KG-D6 gas block, the Rangarajan Committee has said official auditor CAG need not audit RIL's CBM blocks as they are governed by different contractual regime.

Rangarajan panel report on oil, gas pricing in Dec first week

Last Updated: Thursday, November 29, 2012, 22:14

The Prime Minister-appointed Rangarajan Committee is likely to present in the first week of December its report on changes in the present regime governing oil and gas exploration contracts as well as gas pricing.

Former Army chief VK Singh condemns police firing on farmers

Last Updated: Saturday, November 17, 2012, 11:49

Former Army chief V K Singh condemned recent police firing on protesting farmers in Maharashtra and demanded that the state take responsibility for the delay in carrying out negotiation of cane price.