Govt rebuts suit-boot remark, says UPA raised gas price to $9
Hitting back at Rahul Gandhi for his 'suit-boot' government comment, Oil Minister Dharmendra Pradhan Tuesday said the previous UPA regime had approved a gas price of USD 9 for firms like Reliance Industries without bothering about its impact on the common man.
Apr 21, 2015, 23:21 PM IST
Govt lowers April-Sept natural gas prices by 8%
Natural gas prices have been slashed by 8 percent to USD 4.66 per unit for the first half of next fiscal year from April 1 on gross heat value basis.
Mar 31, 2015, 16:37 PM IST
Govt asks GAIL to remit incremental KG-D6 gas price every month
Government has asked GAIL to remit to the exchequer on a monthly basis the incremental gas price from RIL's KG-D6 field towards recovery of profit share it claims is due from the private firm.
Mar 11, 2015, 20:44 PM IST
OilMin moves proposal to pool gas price for fertiliser plants
After power, the 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.
Feb 18, 2015, 18:34 PM IST
Centre overrules Gujarat govt firm's demand for $8.5 gas price
The Centre has overruled Gujarat government-owned firm GSPC's demand for a gas price of USD 8.5 for its KG basin Deendayal field, saying the approved rate of USD 5.05 will apply on the company.
Dec 17, 2014, 16:02 PM IST
Oil Ministry may dip into RIL incremental gas price hike revenue account
Government may dip into Reliance Industries' incremental gas price hike revenue, accruing in a pool account, to recover its dues in the wake of the contractor failing to meet certain KG-D6 output targets.
Dec 07, 2014, 12:28 PM IST
RIL, partners to get $40 mn this fiscal from gas price hike
Reliance Industries and its partners will get about USD 40 million in additional revenue this fiscal for gas they produce from eastern offshore KG-D6 block after the government raised prices by 33 percent.
Nov 04, 2014, 20:47 PM IST
Gas price to dent RIL, but EPS, ROCE may still double: Barclays
liance Industries will get 33 percent higher gas price of USD 5.61 per mmBtu for output from MA field in the KG-D6 block, but its main D1&D3 fields will continue to get old rate of USD 4.2.
Oct 21, 2014, 18:26 PM IST
Gas pricing will ensure profit, not windfall profit: Jaitley
Days after approving lower than demanded gas price increase, Finance Minister Arun Jaitley has said the USD 5.61 per mmBtu rate will ensure explorers make profit but not windfall gain.
Oct 20, 2014, 22:04 PM IST
Investment decision only after clarity on gas price: RIL
Reliance Industries has said it will make a final investment decision on producing gas from the R-Cluster discovery in the flagging KG-D6 block only after the government decides on gas price hike.
Oct 14, 2014, 15:52 PM IST
Gas pricing: Panel submits report, price may go up by 50%
Though contents of the report have been kept under wraps, the official indicated that the price increase may be around 50 percent. Most of the domestically produced gas is currently sold at a price of USD 4.2 per mmBtu.
Sep 17, 2014, 15:54 PM IST
Gas price of over $6.5 key to monetisation of RIL discoveries
A gas price of over USD 6.5 per million British thermal unit is a prerequisite for early monetisation of discoveries made by Reliance Industries, Deutsche Bank said.
Sep 09, 2014, 17:55 PM IST
FAI pitches for continuing with 2007 gas price formula
At USD 100 per barrel oil price, the gas price, using this formula, will come to less than USD 5 per mmBtu.
Aug 29, 2014, 18:14 PM IST
Vedanta for an independent regulator for oil and gas sector
As government debates on gas price hike and a new contract for oil and gas exploration, Vedanta Resource today said domestic rates should be linked to international markets and an independent regulator be set up.
Aug 29, 2014, 14:22 PM IST
Gas price: Formula review panel to meet Monday
With September 30 as the deadline to announce the new gas price, a four-member committee of secretaries (CoS) will meet with stakeholders on Monday to review that gas-pricing formula.
Aug 25, 2014, 08:31 AM IST
Oil regulator to complete study on gas market margin by Dec: Govt
Oil regulator PNGRB will decide on the margin that natural gas sellers like GAIL and Reliance Industries can charge from urea manufacturers and LPG plants by year end, Oil Minister Dharmendra Pradhan said Monday.
Jul 21, 2014, 17:43 PM IST
Gas price: Govt joins arbitration initiated by RIL, partners
The government Thursday decided to join the arbitration initiated by Reliance Industries and its partners over delay in revision of natural gas prices, and named former Supreme Court judge G S Singhvi as its arbitrator.
Jul 17, 2014, 19:26 PM IST
Gas price revision can happen even before October 1: Pradhan
Weeks after implementation of a contentious gas pricing formula was put off by three months, Oil Minister Dharmendra Pradhan on Saturday indicated that gas price revision may happen well before October 1.
Jul 06, 2014, 01:27 AM IST
Govt defers decision on natural gas prices by 3 months
In a setback to gas producers like Reliance Industries, the government on Wednesday postponed revision in natural gas prices by three months pending a "comprehensive" review to make a controversial pricing formula more palatable.
Jun 25, 2014, 20:40 PM IST
Cabinet defers decision on gas price hike by 3 months
In a much needed relief for the common man, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday put off the decision to hike gas price by three months stating that the new government should be given more time to decide on it.
Jun 25, 2014, 18:41 PM IST
