No going back on gas price hikes; notification soon: Moily

Last Updated: Tuesday, November 26, 2013, 17:37

Oil Minister M Veerappa Moily on Tuesday ruled out reversal of the decision to double natural gas prices from April 1 next year and said that the notification on this will be issued shortly.

RIL to give $135 million bank guarantee for higher gas price

Last Updated: Monday, November 18, 2013, 16:05

Reliance Industries will have to provide a bank guarantee of USD 135 million every quarter to get a higher price for natural gas from April 1 next year.

Govt likely to allow doubling of KG-D6 gas price

Last Updated: Monday, November 11, 2013, 16:09

In a breather to RIL, the government is likely to allow doubling of price of gas from its KG-D6 block provided the company gives bank guarantees that can be encashed if proved that the energy major was hoarding gas.

'Will seek Cabinet nod for capping gas price for power sector'

Last Updated: Thursday, September 26, 2013, 12:57

Power Minister Jyotiraditya Scindia on Thursday said he will soon seek the Cabinet nod for capping the price of gas for the power sector at USD 5 per mmBtu.

MC to decide cut in gas reserves at RIL's KG-D6

Last Updated: Sunday, September 22, 2013, 14:43

A block oversight panel headed by oil regulator DGH will meet shortly to decide on Reliance Industries' proposal to slash gas reserves in main fields in its KG-D6 block by two-third and cut investments by USD 3 billion.

Rs 11,000-cr payout plan to subsidise cost of gas-based power

Last Updated: Wednesday, September 11, 2013, 19:38

With gas supplies to power plants drying up, the Power Ministry has moved the Cabinet Committee on Economic Affairs (CCEA) proposing about Rs 11,000 crore payout to subsidise costlier power arising from rising gas rates.

Double-digit gas price will halve demand: Moily

Last Updated: Tuesday, September 10, 2013, 21:29

Amidst a row over doubling of natural gas prices, Oil Minister M Veerappa Moily Tuesday said a double digit rate will halve the demand for environment- friendly fuel in the country.

CNG prices hiked by a steep Rs 3.70 per kg

Last Updated: Saturday, September 7, 2013, 18:56

Price of Compressed Natural Gas (CNG) sold to automobiles in the national capital has been increased from Rs 41.90 to Rs 45.60 per kg with effect from midnight tonight.

Rs 3 CNG hike, piped gas slab change to upset home budget

Last Updated: Saturday, September 7, 2013, 11:28

Mahanagar Gas Limited has increased the price of CNG or compressed natural gas with immediate effect. Also, the utility slabs for piped natural gas or PNG have been reduced.

GSPC hikes CNG prices by Rs3 to all-time high

Last Updated: Friday, September 6, 2013, 11:42

GSPC Gas, a part of the state-owned Gujarat State Petroleum Corporation (GSPC), has revised prices of CNG, which is used by vehicles, from Rs63.30 per kg to Rs66.30.

$4.2 gas price unviable: BP India head

Last Updated: Sunday, August 25, 2013, 13:36

Writing as co-chairman of CII's National Committee on Hydrocarbons, Sashi Mukundan told head of Parliament Standing Committee on Finance, Yashwant Sinha, that 27 trillion cubic feet of discovered gas resources or 9 fields of the size of Reliance Industries' KG-D6 fields, await being put on production.