The Ministry of Petroleum and Natural Gas has decided to go for a uniform gas price for all the gas producers in India once the new pricing under Rangarajan formulae comes into effect post elections.
Tag: gas price
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New govt to decide on gas price
The new government will have to decide on the new price for domestically produced gas, even though the decision to defer the announcement of rates is only till the model code of conduct for ongoing elections is in force
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Moily says gas price hike key for tapping new reserves
Union Minister for Petroleum and Natural Gas Marpadi Veerappa Moily has said that due to the increase in gas price, new hydrocarbon blocks in Tripura and Cauvery basin will become commercially viable. Even the Directorate General of Hydrocarbons has said that a price of more than $4.2 per million British thermal unit (mBtu) was required to make some of the gas discoveries commercially viable. These reserves are currently lying untapped due to the current gas price of $4.20 per million British th