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New gas price News

08 Nov 2014

Government must work for transparency on gas pricing: Experts

Experts taking part in a panel discussion on the pricing of gas in the country this week have unanimously expressed that the government needs to be seen to be working for and ensuring complete transparency on the pricing mechanism applied.

07 Nov 2014

Gas price hike inadequate to attract investments

The new gas price of USD 5.61 per unit will not be adequate to attract investment in exploration as most discoveries in deepsea need a higher rate to be economically viable, top research organisations have said.

03 Aug 2014

Oil Ministry wants RIL to sell gas at $4.2; $6-6.5 price for others

The new rates were to apply for gas from currently producing MA field in the same KG-D6 block as the government had accepted geological reasons forwarded by RIL for its output lagging targets.

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