Latest News on Gas Price
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Gas Price - Total results - 20
Jun 03, 2018
ONGC registers Rs 4,000 crore loss on gas production due to cap on fuel prices, says senior company officialState-owned Oil and Natural Gas Corp (ONGC) logged a Rs 4,000 crore loss on natural gas output in the fiscal year ended 31 March, 2018 as the government mandated price for the fuel was less than the cost of production.
Mar 10, 2016
Cabinet clears new price formula for undeveloped gas findsIn a boost to firms like ONGC and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates.
Mar 03, 2016
Govt to hike gas price for ONGC, RIL by 60 per centIn a boost to firms like ONGC and Reliance Industries, the government plans to raise natural gas price by about 60 per cent for their undeveloped gas discoveries in difficult areas.
Oct 01, 2015
Gas price cut to discourage new investment in oil sector: S&PThe lower prices will reduce the government's earning from royalty by about Rs 60 crore.
Sep 30, 2015
Govt cuts gas price to $3.82, braces for revenue dent by Rs 800 crThe price cut today is the second reduction in rates ever - the first being on 1 April.
Dec 07, 2014
Govt may dip into RIL's incremental gas price hike revenueWhile announcing a 33 per cent hike in natural gas priceto USD 5.61, the government had on October 17 said that RIL will continue to get the old rate of USD 4.2 for the mainD1&D3 gas field in KG-D6 block.
Nov 30, 2014
Gas price may fall to $5/unit in 3 years, says Goldman SachsThe new natural gas price of USD 5.61, which is already among the lowest in Asia Pacific, is likely to drop to around USD 5 per unit in three years due to the variables included in the formula, Goldman Sachs has said.
Oct 20, 2014
ONGC shares surge 8%; gas price hike to add Rs 1,950 cr to profits this yearEvery $1 rise in gas price increases ONGC's revenues by Rs 4,000 crore and net profit by Rs 2,350 crore
Aug 25, 2014
Hike gas prices now: Energy giants RIL, ONGC, BP, Cairn tell govt panelEnergy giants led by Reliance Industries, ONGC, BP and Cairn India today unanimously demanded an immediate hike in natural gas prices.
Apr 03, 2014
BJP seeks Kejriwal's apology over claims of Modi signing letter on gas priceChief spokesperson of Delhi BJP Sanjay Kaul today said Kejriwal's reported statements at a rally in Delhi suggesting that he was in possession of a letter signed by Narendra Modi seeking a gas price hike was a "blatant lie".