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Gas price revision News

23 Jun 2017

Mukesh Ambani blinks, drops gas price challenge against govt

The withdrawal of the arbitration will now entitle the two companies to marketing and pricing freedom on the natural gas they produce from newer fields in the deepsea at an investment of Rs 40,000 crore by 2022.

Domestic natural

02 Apr 2015

'Gas price cut to bring down urea subsidy bill by Rs 930 cr'

The near 8 percent cut in domestic natural gas price will help bring down urea subsidy bill by Rs 930 crore, India Ratings & Research (Ind-Ra) has said.

Domestic natural

27 Mar 2015

Natural gas price to be cut by 9% to $4.56 from April 1

In the first ever reduction in domestic natural gas prices, the rates will be slashed by 9 percent to USD 4.56 per unit from April 1 to reflect the softening in international prices, benefiting users in the power and fertiliser sectors.

22 Aug 2014

Secretaries panel to review gas price formula

Nearly two months after it put off a steep gas price revision, the government has constituted a four-member committee of secretaries to hold consultations with stakeholders before deciding on the quantum of hike.

Gas pricing formula

05 Jul 2014

Gas price revision can happen even before October 1: Pradhan

Weeks after implementation of a contentious gas pricing formula was put off by three months, Oil Minister Dharmendra Pradhan on Saturday indicated that gas price revision may happen well before October 1.

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