OPEC's sovereign right to decide on oil production: Hardeep Singh Puri
India as one of the major consumers of oil and gas also has a major say in the global oil market, Puri said during an interaction with reporters.
Oct 08, 2022, 06:28 AM IST
Gas price cut to $3.82, will dent govt revenues by Rs 800 cr
Locally produced gas in India will cost 18 percent less during October-March compared with the first half of the current fiscal year, a source with knowledge of the matter said on Wednesday, due to a decline in global prices.
Sep 30, 2015, 11:24 AM IST
Gas prices to dip below $4.2/unit from October 1
Natural gas prices in India may, from October 1, fall below USD 4.2 per unit, a rate that was used last year to devise a new pricing formula to incentivise domestic exploration.
Aug 16, 2015, 21:14 PM IST
Reliance seeks freedom to fix gas prices
"In this context, it is important to follow the intent, purpose and commitment of the NELP Policy i.e. Maximising E&P activities, getting the risk reward balance right and providing marketing and pricing freedom. This will provide predictability and certainty to the investors," he said.
Jun 12, 2015, 19:43 PM IST
Iran raises gas prices by 40% in subsidy cut: Report
Iran will raise gasoline prices by some 40 percent, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some USD 32 billion a year.
May 25, 2015, 18:19 PM IST
Government to allow market price for some natural gas
The government may allow a part of the natural gas produced by firms like ONGC and Reliance Industries from new discoveries to be sold at market price as it looks to boost domestic exploration and production.
May 17, 2015, 11:59 AM IST
India asks Qatar to lower LNG price to match global slump
India buys 7.5 million tonnes a year of LNG on a long-term 25 year contract, indexed to a moving average of crude oil price.
Apr 27, 2015, 14:59 PM IST
'Gas price cut to bring down urea subsidy bill by Rs 930 cr'
The near 8 percent cut in domestic natural gas price will help bring down urea subsidy bill by Rs 930 crore, India Ratings & Research (Ind-Ra) has said.
Apr 02, 2015, 19:36 PM IST
Govt cuts natural gas prices by 8% to $4.66 per unit
Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.
Mar 31, 2015, 16:50 PM IST
Natural gas price to be cut by 9% to $4.56 from April 1
In the first ever reduction in domestic natural gas prices, the rates will be slashed by 9 percent to USD 4.56 per unit from April 1 to reflect the softening in international prices, benefiting users in the power and fertiliser sectors.
Mar 27, 2015, 13:49 PM IST
Cabinet clears pooling of gas prices to help revive stuck power plants
The Cabinet Committee on Economic Affairs on Wednesday approved a major policy intervention, through an innovative mechanism, to revive and improve utilization of the stranded gas based power generation capacity in the country.
Mar 25, 2015, 21:12 PM IST
Reduction in gas prices is a net positive for US economy: WH
A reduction in the global oil prices is net positive for the US economy, the White House has said, pointing out that for the first time in 2014 America is now exceeding both Saudi Arabia and Russia in oil production.
Dec 17, 2014, 15:10 PM IST
'Diesel deregulation, gas price to have positive impact on oil companies'
Key oil and gas sector reforms like diesel deregulation and a new gas pricing policy will have a positive impact on companies engaged in fuel retailing and gas production, says a report by Fitch Ratings.
Dec 17, 2014, 14:27 PM IST
Gas price hike fruitful if discoms buy costlier power: NTPC
Choudhury said the company is focusing on installing Rooftop Solar PV systems at available roof areas in power stations to meet the energy requirements of its various offices.
Oct 20, 2014, 15:39 PM IST
Gas price hike to add Rs 1,950 cr to ONGC profits this fiscal
State-owned Oil and Natural Gas Corp (ONGC) will rake in about Rs 1,950 crore in additional profit this fiscal from the 46 percent rise in natural gas prices announced by the government.
Oct 19, 2014, 13:27 PM IST
Govt postpones decision on revision of natural gas prices
Days ahead of its own deadline for the revision of natural gas prices, government on Wednesday postponed a decision on it by another 45 days to November 15.
Sep 24, 2014, 21:12 PM IST
Naidu writes to Modi, supports gas price pooling
Andhra Pradesh Chief Minister N Chandrababu Naidu has asked Prime Minister Narendra Modi to expedite pooling of natural gas prices to make available affordable fuel to power plants.
Sep 14, 2014, 12:04 PM IST
Gas pricing: Panel to submit report on new formula by Wednesday
A four-member panel of secretaries will submit its report on a new gas pricing mechanism by Wednesday, Oil Secretary Saurabh Chandra said Monday.
Sep 08, 2014, 18:33 PM IST
Govt to start consultations afresh on raising gas prices
Gas producers want gas prices to be raised as they feel the current USD 4.2 per mmBtu rate is insufficient to make discoveries economically viable to produce.
Jun 29, 2014, 12:33 PM IST
Unfair to expect gas price decision by new govt so soon: ONGC
The UPA government-approved formula, if implemented, would have increased power tariffs by Rs 2 per unit and CNG rates by Rs 12 a kg.
Jun 26, 2014, 18:13 PM IST
