CNG price hike: IGL MD meets CM Arvind Kejriwal

Last Updated: Saturday, December 28, 2013, 21:50

Managing Director of Indraprastha Gas Limited (IGL) Narendra Kumar met Delhi Chief Minister Arvind Kejriwal on Saturday to discuss the hike in prices of Compressed Natural Gas (CNG) in Delhi.

Gas prices may jump to $10 in 2016-17, from $4.2 now

Last Updated: Monday, December 23, 2013, 17:44

Natural gas prices in India may jump to USD 10 within three years of implementation of the Rangarajan formula, generating enough additional revenue to meet higher subsidy outgo on the fertiliser sector.

Higher rates will help increase domestic gas output: Moily

Last Updated: Friday, December 20, 2013, 13:42

Defending the government decision to double natural gas prices from April next year, Oil Minister M Veerappa Moily on Friday said higher rates will help raise domestic production and cut dependence on imports.

RIL shares up nearly 3% as CCEA allows gas price hike

Last Updated: Friday, December 20, 2013, 12:34

This was subject to the firm furnishing a bank guarantee to cover its liability if gas hoarding charges against it are proved.

CCEA okays higher gas price for RIL if bank guarantee is given

Last Updated: Thursday, December 19, 2013, 20:10

The rate in April 2014, when the new pricing is to be implemented, will be about USD 8.4 per million British thermal units as against the current USD 4.2.

Parl panel calls for review of Rangarajan gas price formula

Last Updated: Wednesday, December 18, 2013, 18:25

A Parliamentary panel has sought a review of the Rangarajan formula that will be used to price natural gas from April next year saying the rate should be fixed after factoring in domestic cost of production.

Russia slashes gas price, buys bonds to help Ukraine

Last Updated: Tuesday, December 17, 2013, 22:41

President Vladimir Putin on Tuesday announced a plan to buy USD 15 billion of Ukrainian bonds and slash Kiev`s bill for Russian gas imports, in a boost for embattled President Viktor Yanukovych as he faces monster protests over a rejected EU pact.

Finance Ministry for cap on gas prices

Last Updated: Monday, December 16, 2013, 16:06

The Finance Ministry has strongly pitched for putting a cap or limit to which natural gas rates can be increased following a new pricing formula that will come into effect from April 1.

Need a minimum of $65 per barrel net price realisation: ONGC

Last Updated: Wednesday, December 11, 2013, 20:07

With its net price realisation plummeting to almost near its cost of oil production, state- owned Oil and Natural Gas Corp (ONGC) Wednesday said it needs a minimum of USD 65 per barrel price to keep investing in oil and gas hunt.

FinMin in-principle backs OilMin plan on RIL gas price

Last Updated: Wednesday, December 11, 2013, 17:56

Finance Ministry has in-principle agreed to a proposal to allow Reliance Industries to raise gas prices from April provided it gives a bank guarantee to cover for liability in case gas hoarding charges are proved.

Gas price hike likely to burden urea cos by Rs 9,000 crore

Last Updated: Wednesday, December 11, 2013, 12:38

The hike in domestic gas price, which is expected to be implemented from April 1, 2014, may burden urea producing companies by over Rs 9,000 crore.

Cabinet to decide on capping natural gas price hike

Last Updated: Wednesday, November 27, 2013, 15:45

The Union Cabinet had in June decided to price all domestically produced natural gas at an average of the price prevailing at international gas trading hubs and the actual cost of importing liquid gas (LNG).