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Gas price hike News

08 Oct 2022

CNG, PNG prices hiked amid festive season

Before the festivals, the public has got a big setback. The prices of CNG and PNG have been increased in many other cities including Delhi.

05 Aug 2022

IGL hikes PNG prices

Inflation has hit the people of Delhi yet again. IGL has increased the prices of PNG gas. The price of PNG has been increased by 2.63 per unit.

03 Feb 2015

BP Plc writes off $830 million investment in KG-D6 block

BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.

31 Oct 2014

BP says gas price hike positive step

BP plc, Europe's third-biggest oil company, has said that the 33 percent increase in natural gas price is a positive step towards creating an economic landscape that helps in development of gas resources.

18 Oct 2014

Govt raises natural gas price to $5.61/unit

The government on Saturday approved raising natural gas price to USD 5.61 per mmBtu from November 1 but Reliance Industries will continue to get current USD 4.2 rate till it makes up for shortfall in output from KG-D6 block.

11 Sep 2014

Delay in gas price hike frustrating, says BP

BP Plc, Europe's second-largest oil company, on Thursday said the delay in implementation of a natural gas price hike was frustrating as the delay was holding back investments.

29 Aug 2014

Vedanta for an independent regulator for oil and gas sector

As government debates on gas price hike and a new contract for oil and gas exploration, Vedanta Resource today said domestic rates should be linked to international markets and an independent regulator be set up.

06 Jul 2014

RIL, BP slap arbitration notice on Govt for gas price hike

RIL-BP-Niko on June 17 served a formal arbitration notice naming London-based Sir David Steel as its arbitrator.

25 Jun 2014

Cabinet defers decision on gas price hike by 3 months

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.

25 Jun 2014

Oil Minister to attend Cabinet meeting amid gas price hike speculation

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.

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