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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
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
Gas pricing Hectic parleys in PMO to ease burden on consumers

Jun 23, 2014

Gas pricing Hectic parleys in PMO to ease burden on consumers

The Rangarajan formula calls for pricing rates at an average cost of importing liquefied natural gas (LNG) into India and rates prevailing at international hubs in the US and UK as well as the price of gas imported into Japan. #Economy #Reliance Industries #Narendra Modi #KG-D6 #Arun Jaitley #PolicyWatch #CNG #Dharmendra Pradhan #Piped cooking
Government unlikely to implement gas price hike retrospectively

Jun 04, 2014

Government unlikely to implement gas price hike retrospectively

The government may not implement the delayed increase in price of natural gas with retrospective effect as it would be difficult to back charge higher bills from power and CNG consumers, an official said. #India #Reliance Industries #C Rangarajan #NewsTracker #KG-D6 #CNG #Niko Resources