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Gas Price Hike News


'Gas Price Hike' - 199 News Result(s)

  • CNG Price Hiked By Rs 1.85/Kg

    CNG Price Hiked By Rs 1.85/Kg

    CNG price in the national capital was hiked by Rs 1.85 per kg today after gas producers raised rates.

  • Mahanagar Gas Hikes CNG, PNG Prices

    Mahanagar Gas Hikes CNG, PNG Prices

    Mahanagar Gas Ltd (MGL) has revised its rates for compressed natural gas and domestic piped natural gas (PNG) upwards from Sunday after the Maharashtra government hiked VAT by one per cent to 13.5 per cent.

  • Subsidised LPG Rate Hiked By Rs 2 Per Cylinder

    Subsidised LPG Rate Hiked By Rs 2 Per Cylinder

    The price of subsidised cooking gas (LPG) was hiked by about Rs 2 per cylinder, third increase since July, while the jet fuel price was cut by 3.8 per cent.

  • CNG Prices Hiked In National Capital

    CNG Prices Hiked In National Capital

    Price of CNG in the national capital was on Friday increased by 25 paise per kg, Indraprastha Gas Ltd (IGL) announced.

  • Non-Subsidised LPG, Jet Fuel Prices Hiked

    Non-Subsidised LPG, Jet Fuel Prices Hiked

    After petrol and diesel, prices of non-subsidised cooking gas, non-PDS (public distribution system) kerosene and aviation turbine fuel (ATF) were raised on Sunday, in line with global trends.

  • Non-Subsidised LPG Price Hiked. No Subsidy for 20 Lakh Consumers

    Non-Subsidised LPG Price Hiked. No Subsidy for 20 Lakh Consumers

    Indian Oil Corporation has hiked prices of non-subsidised LPG cylinders, or the cooking gas a consumer buys on exhausting the subsidy quota. The hike came into effect from midnight of December 31, 2015 and January 1, 2016.

  • India Should Benchmark Gas Price to Deficit Nations: S&P

    India Should Benchmark Gas Price to Deficit Nations: S&P

    To incentivise exploration and production from tough geologies and encourage participation in the future New Exploration Licensing Policy (NELP) rounds the government would need to provide clarity on the price premium to be paid for difficult fields, it added.

  • Oil Up More Than $1 After Saudi's Asia Price Hike

    Oil Up More Than $1 After Saudi's Asia Price Hike

    Oil futures climbed more than $1 per barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signalling improved demand in the region.

  • Canada's Niko to Sell Stake in Reliance Industries Block

    Canada's Niko to Sell Stake in Reliance Industries Block

    Stung by a lower-than-expected hike in natural gas prices, Canada's Niko Resources has put up for sale its stake in Reliance Industries' KG-D6 gas block saying there is uncertainty over long-term price outlook in India.

  • Oil Ministry May Dip Into Reliance Industries Incremental Gas Price Hike Revenue Account

    Oil Ministry May Dip Into Reliance Industries Incremental Gas Price Hike Revenue Account

    The government may dip into Reliance Industries Ltds 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.

  • Gas Price Hike Inadequate to Attract Investments: HSBC

    Gas Price Hike Inadequate to Attract Investments: HSBC

    The new gas price of $5.61 per unit will not be adequate to attract investment in exploration as most discoveries in deep sea need a higher rate to be economically viable, top research organisations have said.

  • RIL, Partners to Get $40 Million This Fiscal From Gas Price Hike

    RIL, Partners to Get $40 Million This Fiscal From Gas Price Hike

    Niko Resources, which holds 10 per cent stake in the RIL-operated KG-D6 block, said partners will get increased rate of $5.61 per million British thermal unit for the gas they produce from MA field in the block, while old rate of $4.2 would continue to apply on D1&D3 fields pending resolution of a dispute regarding reasons for drastic fall in outpu...

  • Government Notifies 33 Per Cent Gas Price Hike; CNG Prices Raised

    Government Notifies 33 Per Cent Gas Price Hike; CNG Prices Raised

    The government has notified a 33 per cent hike in natural gas prices, which have led to a steep increase in CNG rates in states like Maharashtra and Gujarat.

  • BP Writes Down KG-D6 Value by $770 Million

    BP Writes Down KG-D6 Value by $770 Million

    BP Plc has written down the value of its shareholding in eastern offshore KG-D6 block by $770 million following a lower-than-expected gas price hike which it saw as a transition to market-based pricing.

  • Indraprastha Gas Falls; May Not Pass on Gas Price Hike

    Indraprastha Gas Falls; May Not Pass on Gas Price Hike

    Traders worry company might not pass higher gas prices on to consumers to keep it competitive versus diesel.

  • Gas Price Hike: RCF to Up Price by 2-3% Next Month

    Gas Price Hike: RCF to Up Price by 2-3% Next Month

    State-run Rashtriya Chemicals and Fertlizers plans a 2-3 per cent increase in prices next month to protect the margins, following the 33 per cent hike in natural gas price, according to a top company official.

  • Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.

  • Gas Price Hike Fruitful if Discoms Buy Costlier Power: NTPC

    Gas Price Hike Fruitful if Discoms Buy Costlier Power: NTPC

    With the government announcing increase in the price of domestically produced gas, state-run NTPC said the move will prove beneficial only if the power distribution companies buy the electricity produced from the plants consuming the costlier fuel.

  • RIL Shares Fall; Gas Price Hike Seen Lower Than Expected

    RIL Shares Fall; Gas Price Hike Seen Lower Than Expected

    RIL will not get the benefit of the price rise for gas produced from its D1 and D3 gas fields.

  • Why Stock Markets are Upbeat about Diesel Decontrol, Gas Price Hike

    Why Stock Markets are Upbeat about Diesel Decontrol, Gas Price Hike

    The Modi government on Saturday de-controlled diesel prices and also announced a hike in domestic gas prices. State-run refiners such as Indian Oil Corp, HPCL and BPCL as well as upstream companies such as ONGC, Oil India and GAIL jumped between 4-9 per cent on the announcements. HPCL hit its 52-week high, but Reliance Industries traded lower today...

  • Government Decides to Raise Gas Prices by 33.33%: Arun Jaitley

    Government Decides to Raise Gas Prices by 33.33%: Arun Jaitley

    Higher gas prices will attract investment but the quantum of rise is not going to hurt consumers, Mr Jaitley told a news conference after Prime Minister Narendra Modi's cabinet took a long-delayed decision on gas prices.

  • Gas Explorers Fall After Price Hike Delayed

    Gas Explorers Fall After Price Hike Delayed

    India said on Wednesday it would take a decision by November 15.

  • Government Defers Gas Price Hike Decision

    Government Defers Gas Price Hike Decision

    Law Minister Ravi Shankar Prasad declined to give a reason for the delay but said "there is life beyond gas pricing".

  • Government Has Narrow Window for Gas Price as Deadline Looms Large

    Government Has Narrow Window for Gas Price as Deadline Looms Large

    The government has a narrow window of one day to approve a new gas pricing mechanism to meet its own deadline of announcing a new rate.

  • ONGC Falls; Gas Price Hike Seen Discounted

    ONGC Falls; Gas Price Hike Seen Discounted

    Traders added that stock has already priced in higher gas prices.

  • Delay in Gas Price Hike Frustrating, Says BP

    Delay in Gas Price Hike Frustrating, Says BP

    BP, whose $7.2 billion investment in 2011 is the largest foreign investment in the energy sector in India, has lined up projects that will reverse the sinking natural gas production from eastern offshore KG-D6 fields. The investment, however, is unviable at current $4.2 per mmBtu gas rate.

  • Gas Price of Over $6.5 Key to Monetization of RIL Discoveries: Deutsche Bank

    Gas Price of Over $6.5 Key to Monetization of RIL Discoveries: Deutsche Bank

    A gas price of over $6.5 per million British thermal unit is a prerequisite for early monetization of discoveries made by Reliance Industries, according to Deutsche Bank.

  • Vedanta for an Independent Oil and Gas Regulator

    Vedanta for an Independent Oil and Gas Regulator

    As the government debates on gas price hike and a new contract for oil and gas exploration, Vedanta Resource on Friday said domestic rates should be linked to international markets and that an independent regulator be set up.

  • Reliance Industries, ONGC, Others Demand Immediate Hike in Natural Gas Price: Report

    Reliance Industries, ONGC, Others Demand Immediate Hike in Natural Gas Price: Report

    Reliance Industries, Oil and Natural Gas Corp (ONGC), BP and Cairn India on Monday unanimously demanded an immediate hike in natural gas prices, saying the current sub-market price of $4.2 was impeding development of over a dozen discoveries.

  • Oil Ministry Wants Reliance Industries to Sell Gas at $4.2; $6-6.5 Price for Others: Report

    Oil Ministry Wants Reliance Industries to Sell Gas at $4.2; $6-6.5 Price for Others: Report

    The Oil Ministry is looking at a price of $6-6.5 for all domestic natural gas but wants Reliance Industries to sell KG-D6 gas at old rate of $4.2 till it makes up for shortfall in supplies of past four years, according to sources.

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