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.
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.
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.
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).
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.
Last Updated: Thursday, August 15, 2013, 13:46
Moily also approved raising the existing ceiling of refills a LPG distributor can sell by 10 percent.
Last Updated: Wednesday, August 7, 2013, 20:14
The panel also said Reliance Industries should supply the quantity it had committed but failed to deliver in the past three years at the old rate of USD 4.2.
Last Updated: Tuesday, August 6, 2013, 18:41
The government decision to double natural gas prices from April next year will translate into a hike of Rs 8.20-Rs 11.72 per kg in CNG rates in cities like Delhi and Mumbai.
Last Updated: Tuesday, July 23, 2013, 17:10
Government will get an additional Rs 14,900 crore by way of royalties and taxes on the incremental gas price accruing to state-owned producers ONGC and Oil India in 2014-15 fiscal, Goldman Sachs has said.
Last Updated: Wednesday, July 17, 2013, 16:48
The ministry is rejecting the monetisation of new discoveries as their production will not be viable at the present price of USD 4.2, Moily said.
Last Updated: Saturday, July 13, 2013, 16:50
CPI on Saturday demanded withdrawal of recent decision to double the gas prices and asked the government to fix the rate in Indian rupees rather than in US dollars.
Last Updated: Thursday, July 11, 2013, 16:23
The Finance Ministry yesterday wrote to Oil Ministry suggesting setting of a ceiling or an upper limit for the rates.
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