Moily rescinds order to shift gas pricing portfolio

Last Updated: Thursday, August 15, 2013, 10:52

With his move to divest a joint secretary of gas pricing portfolio kicking up a controversy, Oil Minister M Veerappa Moily has rescinded the decision, restoring it with the officer 'for the time-being'.

Gas pricing: SC to examine policy, issues notices to Centre, RIL

Last Updated: Monday, July 29, 2013, 12:04

The PIL sought the enforcement of relinquishment laws by which government should reclaim 80 percent of the KG Basin gas field that has not been utilised by Reliance.

Moily rules out reconsidering gas pricing policy

Last Updated: Tuesday, July 23, 2013, 19:48

Union Minister for Petroleum and Natural Gas M Veerappa Moily on Tuesday said there was no proposal before the government to reconsider the new gas pricing policy.

'Gas pricing reforms to help produce 12 Tcf of gas'

Last Updated: Thursday, July 18, 2013, 18:01

The natural gas pricing reforms initiated by the government will help bring to production at least 12 Trillion cubic feet or nearly four KG-D6-sized gas fields, Bank of America Merrill Lynch said in a report.

CII in favour of dollar based gas pricing

Last Updated: Saturday, July 6, 2013, 12:09

This is also directionally a step towards achieving market determined pricing which will encourage the development of a competitive gas market in the country.

Q1 natural gas price $6.8 per unit by Ranga panel formula

Last Updated: Saturday, July 6, 2013, 10:08

The price for natural gas in India for the April-June quarter of this year comes to USD 6.83 per unit, as per the government's new gas pricing policy, the petroleum ministry said.

Solve natural gas pricing issue: Karuna to Centre

Last Updated: Saturday, June 29, 2013, 13:58

A day after the Union Cabinet approved doubling of natural gas price, DMK chief M Karunanidhi on Saturday urged the Centre to find an alternative way to solve the issue, instead of hiking the prices.

Gas price revision to spur investment: Moily

Last Updated: Wednesday, June 12, 2013, 19:59

Amidst a row over his ministry's proposal to raise natural gas prices, Oil Minister M Veerappa Moily on Wednesday said the revision in rates was a contractual requirement which will help remove policy uncertainty and spur investments that have almost dried up.

Oil Ministry proposal on gas prices rejected

Last Updated: Wednesday, May 15, 2013, 19:08

Oil Ministry's proposal for an across-the-board near doubling of natural gas prices has been rejected by the Cabinet Secretariat saying a ministerial panel headed by Defence Minister A K Antony did not have powers to do so.

Govt considering freeing oil, gas price controls: FM

Last Updated: Tuesday, April 16, 2013, 18:14

India is considering freeing prices of locally produced oil and natural gas from state controls in a bid to lure more foreign investment, Finance Minister P Chidambaram said.

RIL-BP seek clarity on natural gas pricing

Last Updated: Monday, April 15, 2013, 20:36

On his second visit to India in as many months, Dudley along with Ambani met Prime Minister Manmohan Singh and senior government functionaries to brief them about their investment plans as also to seek clarity on regulatory issues.

Gas pricing policy to be reviewed, uncertainties removed: FM

Last Updated: Thursday, February 28, 2013, 23:04

Against the backdrop of oil firms like BP Plc complaining of artificially low gas rates in the country impeding investments, Finance Minister P Chidambaram Thursday said the pricing policy will be reviewed and uncertainties removed.