Tuesday March 4, 2014
Oil and Natural Gas Corp (ONGC), the nation's largest producer of gas at 64 million standard cubic metres per day, will get Rs 16,000 crore in incremental revenue from gas price rising from $4.2 to about $8 per million British thermal unit, the compa...
India | Press Trust of India | Monday February 24, 2014
Amidst controversy over gas price hike, Oil Minister M Veerappa Moily has told Prime Minister Manmohan Singh that Reliance Industries' contract for KG-D6 gas fields cannot be terminated pending arbitration on issue of output lagging targets.
India | Indo-Asian News Service | Monday February 24, 2014
After a letter to the BJP prime ministerial candidate Narendra Modi, Aam Admi Party (AAP) leader Arvind Kejriwal has shot a similar missive to Congress party vice president Rahul Gandhi on the hike in gas prices for Reliance Industries.
India | NDTV.com | Friday February 21, 2014
Arvind Kejriwal has written to Narendra Modi and asked him to "clear his stand" on a gas price hike that he alleges was a favour to Mukesh Ambani. Mr Kejriwal alleges that Mr Ambani colluded with the Centre to inflate the price of gas and the BJP was...
India | Edited by Deepshikha Ghosh | Friday February 21, 2014
Arvind Kejriwal has written to Narendra Modi and asked him to "clear his stand" on a gas price hike that he alleges was a favour to Mukesh Ambani.
Wednesday February 19, 2014
Mr Chidambaram's criticism was aimed at former Delhi Chief Minister Arvind Kejriwal, on whose complaint an FIR was registered against Reliance Industries chairman Mukesh Ambani and other officials and ministers, last week. Mr Kejriwal had asserted th...
India | Edited by Mala Das | Monday February 17, 2014
Hours after Arvind Kejriwal targeted Narendra Modi, accusing him of links with Reliance Chairman Mukesh Ambani, the BJP opposed a gas price hike that the Aam Aadmi Party alleges is a favour to the billionaire.
Friday February 14, 2014
The new rates, which are likely to be at $8-8.4 against the current price of $4.2 per million British thermal unit, are based on the recommendations of a committee that was appointed by Prime Minister Manmohan Singh at the request of Moily's predeces...
India | Edited by Surabhi Malik | Friday February 14, 2014
Union Oil Minister Veerappa Moily has said there is "no question" of suspending plans for a hike in gas prices scheduled for April 1. That demand had been made in writing to the Prime Minister by Delhi Chief Minister Arvind Kejriwal who has also ini...
Monday January 13, 2014
Oil Ministry officials said a $1 per mBtu increase in the price of domestic gas would result in a hike of Rs 2.93 per kg of CNG in cities that are entirely dependent on domestic gas.
Monday January 13, 2014
The government on Friday notified a new natural gas pricing formula that will be almost double the rate of all domestically produced fuel to $8.2-8.4 a unit starting April 1
Friday January 10, 2014
It said gas from April will be priced at an average price of liquid gas (liquefied natural gas or LNG) imports into India and benchmark global gas rates. This formula will be applicable for five years ie till March 31, 2019.
Monday January 6, 2014
The government's nod to Reliance Industries (RIL) to hike gas price produced from the KG basin is subject to review, the Supreme Court has ruled. The top court has adjourned the case to March 4.
Thursday January 2, 2014
The price of CNG or compressed natural gas in the national capital was just last week hiked by a steep Rs 4.50 per kg, the second increase in rates in three months.
Saturday December 28, 2013
State-owned Gujarat State Petroleum Corporation (GSPC) has filed a contempt of court petition in the high court against the Gas Authority of India Limited (GAIL) for not supplying the agreed quantity of CNG.
Friday December 27, 2013
A day after hiking CNG price by a steep Rs 4.50 per kg, Indraprastha Gas Ltd said on Friday the increase was forced by court orders that led to a cut in allocation of cheaper domestic natural gas.
Cities | Edited by Diana George | Friday December 27, 2013
Arvind Kejriwal, who will be sworn in as Delhi's chief minister on Saturday, said today that he will assess on his very first day at work whether it was necessary to effect a steep hike in the price of CNG in the capital.
Cities | Press Trust of India | Thursday December 26, 2013
Delhi's Chief Minister-designate Arvind Kejriwal today questioned the timing of the steep hike in CNG price which was the second such in three months in the city.
Thursday December 26, 2013
Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and Government of NCT (National capital Territory) of Delhi, today announced the revision in the selling prices of CNG and PNG, primarily due to increase in input cost as a re...
Monday December 23, 2013
Natural gas prices in India may jump to $10 within three years of implementation of the Rangarajan formula, generating enough additional revenue to meet higher subsidy outgo on the fertilizer sector.