Govt lowers April-Sept natural gas prices by 8%

Last Updated: Tuesday, March 31, 2015, 16:37

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.

Natural gas price to be cut by 9% to $4.56 from April 1

Last Updated: Monday, March 30, 2015, 10:44

The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit.

Natural gas price to be cut by 9% to $4.56 from April 1

Last Updated: Friday, March 27, 2015, 13:49

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.

Natural gas price to be cut by 10% to $5.02/unit from April 1

Last Updated: Wednesday, March 18, 2015, 10:58

The price of domestically produced natural gas is likely to be slashed by over 10 percent to USD 5.02 per unit from April 1, the first ever reduction in rates of the fuel.

Govt asks GAIL to remit incremental KG-D6 gas price every month

Last Updated: Wednesday, March 11, 2015, 20:44

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.

OilMin moves proposal to pool gas price for fertiliser plants

Last Updated: Wednesday, February 18, 2015, 18:34

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.

BP Plc writes off $830 million investment in KG-D6 block

Last Updated: Tuesday, February 3, 2015, 18:07

BP Plc has written down the value of its investment in eastern offshore KG-D6 block by USD 830 rpt USD 830 million, following lower-than-expected gas price hike.

Centre overrules Gujarat govt firm's demand for $8.5 gas price

Last Updated: Wednesday, December 17, 2014, 16:02

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.

Oil Ministry may dip into RIL incremental gas price hike revenue account

Last Updated: Sunday, December 7, 2014, 12:28

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.

CNG price to reduce by about Rs 15 per kg

Last Updated: Monday, February 3, 2014, 12:42

IGL and other city gas distribution firms to get cheaper domestic gas, Oil Minister Veerappa Moily said.

New gas price mechanism to to boost profits of ONGC, RIL: S&P

Last Updated: Tuesday, January 14, 2014, 19:54

Global rating agency Standard & Poor's (S&P) Tuesday said the government's decision to increase domestic gas prices is likely to benefit two major gas producers Oil and Natural Gas Corp (ONGC) and Reliance Industries Ltd (RIL).

Price of non-subsidised LPG hiked by Rs 220 per cylinder

Last Updated: Wednesday, January 1, 2014, 18:47

The 14.2-kg cooking gas cylinder that consumers buy beyond their entitled nine bottles at subsidised rates, will now cost Rs 1,241, up from Rs 1,021 in Delhi.