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Gas Pricing

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Reliance Industries seeks freedom to fix gas prices, says talks with govt constructive

Jun 12, 2015

Reliance Industries seeks freedom to fix gas prices, says talks with govt constructive

RIL had won the KG-D6 block in Bay of Bengal under the first round of bidding under New Exploration Licensing Policy (NELP) round in 2000. #Business #Reliance Industries #Energy #Mukesh Ambani #KG-D6 #Natural gas #CompanyWatch #NELP #Gas Pricing
Oil Ministry moves proposal to pool gas price for fertiliser plants

Feb 18, 2015

Oil Ministry moves proposal to pool gas price for fertiliser plants

Oil Ministry has moved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertilizer plants to make the cost of fuel uniform and affordable. #Oil Ministry #LNG #gas #VAT #Urea #naptha #gas price pooling #Declared Goods #department of fertilizer #Fertilizer plants
Stung by low gas pricing, Niko to exit RIL's KG-D6 block

Feb 16, 2015

Stung by low gas pricing, Niko to exit RIL's KG-D6 block

Niko holds 10 percent stake in the KG-D6 block where a total of 20 oil and gas discoveries had been made and three out of them are in production. #Reliance Industries #KG-D6 #BP #Gas Pricing #Niko
Panel submits report on new gas pricing formula

Sep 17, 2014

Panel submits report on new gas pricing formula

The increase in gas price would bring windfall for the government -- about $2.08 billion (Rs 12,900 crore) from additional profit petroleum, royalty and taxes accruing from doubling of gas rates, according to oil ministry estimates. #Economy #Reliance Industries #UPA #Election Commission #KG-D6 #PolicyWatch #Cabinet Committee on Economic Affairs #Dharmendra Pradhan #Rangarajan formula #gas pricing mechanism
Kelkar Committee proposes market-linked gas pricing

Aug 29, 2014

Kelkar Committee proposes market-linked gas pricing

The Kelkar panel said the "market-determined gas pricing should apply to all forms of gas irrespective of the source." #India #market #Oil Ministry #Fertilisers #import #Gas Pricing #Kelkar committee
Hike gas prices now: Energy giants RIL, ONGC, BP, Cairn tell govt panel

Aug 25, 2014

Hike gas prices now: Energy giants RIL, ONGC, BP, Cairn tell govt panel

Energy giants led by Reliance Industries, ONGC, BP and Cairn India today unanimously demanded an immediate hike in natural gas prices. #ONGC #BP #RIL #Cairn India #gas #gas price #Secretary
Gas pricing: Delhi Police's anti-graft bureau claims powers to probe RIL

Aug 10, 2014

Gas pricing: Delhi Police's anti-graft bureau claims powers to probe RIL

The Anti-Corruption Bureau of the Delhi government has filed an affidavit in the Delhi High Court saying it has jurisdiction to lodge a report against Reliance Industries and former Petroleum Minister M. Veerappa Moily, among others, in the gas pricing issue. #Reliance Industries #KG-D6 #Gas Pricing #ACB
Sensex down 57 points on decline in oil, gas stocks

Jun 26, 2014

Sensex down 57 points on decline in oil, gas stocks

The benchmark BSE Sensex fell over 57 points in early trade on Thursday on decline in oil and gas stocks after the government postponed revision in natural gas prices by three months amid June expiry in the derivatives segment. #BSE Sensex #India #nifty #ONGC #markets #RIL #gas prices #US Dow Jones #Hang Seng
Centre defers decision on natural gas prices by three months

Jun 25, 2014

Centre defers decision on natural gas prices by three months

The first revision in rates in four years was originally to take effect from 1 April but with general elections being declared it was postponed by three months. #Reliance Industries #Narendra Modi #KG-D6 #PolicyWatch #CNG #CCEA #Gas Pricing #Rangarajan Committee #Dharmendra Pradhan