Gas Price

Showing of 1 - 20 from 20 results
Gas Price - Total results - 20
ONGC registers Rs 4,000 crore loss on gas production due to cap on fuel prices, says senior company official
India

ONGC registers Rs 4,000 crore loss on gas production due to cap on fuel prices, says senior company official

State-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.

Cabinet clears new price formula for undeveloped gas finds
Business

Cabinet clears new price formula for undeveloped gas finds

In 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.

Govt to hike gas price for ONGC, RIL by 60 per cent
Business

Govt to hike gas price for ONGC, RIL by 60 per cent

In 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.

Gas price cut to discourage new investment in oil sector: S&P
Business

Gas price cut to discourage new investment in oil sector: S&P

The lower prices will reduce the government's earning from royalty by about Rs 60 crore.

Govt cuts gas price to $3.82, braces for revenue dent by Rs 800 cr
Business

Govt cuts gas price to $3.82, braces for revenue dent by Rs 800 cr

The price cut today is the second reduction in rates ever - the first being on 1 April.

Govt may dip into RIL's incremental gas price hike revenue
Corporate

Govt may dip into RIL's incremental gas price hike revenue

While 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.

Gas price may fall to $5/unit in 3 years, says Goldman Sachs
Economy

Gas price may fall to $5/unit in 3 years, says Goldman Sachs

The 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.

ONGC shares surge 8%; gas price hike to add Rs 1,950 cr to profits this year
Corporate

ONGC shares surge 8%; gas price hike to add Rs 1,950 cr to profits this year

Every $1 rise in gas price increases ONGC's revenues by Rs 4,000 crore and net profit by Rs 2,350 crore

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

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.

BJP seeks Kejriwal's apology over claims of Modi signing letter on gas price
Politics

BJP seeks Kejriwal's apology over claims of Modi signing letter on gas price

Chief 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".

Moily says no going back on gas price hike decision
India

Moily says no going back on gas price hike decision

Coming down heavily against Delhi Chief Minister Arvind Kejriwal for ordering an "unconstitutional" FIR against him and others for raising gas prices, Oil Minister M Veerappa Moily today said the government will not go back on its decision to hike rates from April 1.

RIL falls over 1% after Kejriwal orders FIR against Ambani over gas pricing
Money

RIL falls over 1% after Kejriwal orders FIR against Ambani over gas pricing

Shares of Reliance Industries Ltd today lost over 1 percent after Delhi Chief Minister Arvind Kejriwal ordered filing of criminal cases against the company's chief Mukesh Ambani and others on alleged irregularities in gas pricing.

 Double-digit gas price to cut demand by half: Moily
Economy

Double-digit gas price to cut demand by half: Moily

Moily said the LNG prices in the Asia-Pacific region are significantly higher than that in North America and UK/Europe.

Allegation of gas hoarding not true: RIL tells SC
Business

Allegation of gas hoarding not true: RIL tells SC

The response was filed in compliance with apex court's order directing the company to file its stand on the allegation levelled by Dasgupta who questioned Centre's decision to raise the gas price. <br /><br />

Sensex extends gains on reform hopes; rupee rises
Investing

Sensex extends gains on reform hopes; rupee rises

The Sensex was up 83.54 points at 19479.35 and the Nifty 23.65 points at 5865.85.

Khurshid on gas price hike: Hard decision, but will lead to more investments
Economy

Khurshid on gas price hike: Hard decision, but will lead to more investments

He said price hike was not due to inefficiency of the government but because of the fact that India imports 80 per<br /><br /> cent of its fuel requirements

Not seeking gas price revision before April 2014: RIL
Business

Not seeking gas price revision before April 2014: RIL

Dismissing reports that RIL is seeking a three-fold hike in gas price, RIL alleged that some vested interests were trying to create a needless controversy on the issue

RIL to get higher gas price for KG-D6 gas
Business

RIL to get higher gas price for KG-D6 gas

Reliance Industries looks set to get higher price for its KG-D6 gas from April 2014 after the Prime Minister's Office has ordered that the firm be allowed to discover the market price as stipulated in the contract.