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News
natural gas price
Natural gas price News
PNG price hike
05 Aug 2022
IGL hikes PNG prices
Inflation has hit the people of Delhi yet again. IGL has increased the prices of PNG gas. The price of PNG has been increased by 2.63 per unit.
CNG price hike
29 May 2018
After Petrol and Diesel, CNG price in Delhi hiked by Rs 1.36 a kg
CNG will cost Rs 41.97 per kg in Delhi with effect from midnight tonight following the price increase, Indraprastha Gas Ltd said.
natural gas price hike
29 Sep 2017
Govt raises natural gas price by 16.5% to $2.89 mmBtu
The government also hiked the cap price based on alternate fuels for undeveloped gas finds in difficult areas like deepsea which are unviable to develop as per the existing pricing formula.
natural gas price
31 Mar 2017
Natural gas price cut marginally to $2.48 mmBtu
Natural gas price was Friday cut marginally to USD 2.48 per million British thermal unit, the fifth reduction in two years.
ONGC
03 Mar 2016
Govt to hike gas price for ONGC, RIL by 60%
In a boost to firms like ONGC and Reliance Industries, the government plans to raise natural gas price by about 60 percent for their undeveloped gas discoveries in difficult areas.
US crude oil
11 Dec 2015
US crude oil holds near 2009 lows as global glut persists
US crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite an existing global glut.
Gas prices
31 Mar 2015
Govt cuts natural gas prices by 8% to $4.66 per unit
Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.
natural gas
30 Mar 2015
Natural gas price to be cut by 9% to $4.56 from April 1
The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit.
natural gas price
18 Mar 2015
Natural gas price to be cut by 10% to $5.02/unit from April 1
The price of domestically produced natural gas is likely to be slashed by over 10 percent to USD 5.02 per unit from April 1, the first ever reduction in rates of the fuel.
gas price hike
31 Oct 2014
BP says gas price hike positive step
BP plc, Europe's third-biggest oil company, has said that the 33 percent increase in natural gas price is a positive step towards creating an economic landscape that helps in development of gas resources.
Narendra Modi
18 Oct 2014
Modi's govt frees diesel prices, easing state grip on economy
The decision is providing a fillip to investor hopes that the government may take more steps to modernise India`s economy and revive stumbling growth.
Diesel
19 Oct 2014
Modi govt's big reform push: Diesel deregulated, natural gas price hiked
In a major reform push, the government on Saturday deregulated diesel prices but hiked natural gas tariff by 46 percent that will push up fertiliser, power, CNG and PNG rates.
Gas Pricing
18 Oct 2014
Govt raises natural gas price to $5.61/unit
The government on Saturday approved raising natural gas price to USD 5.61 per mmBtu from November 1 but Reliance Industries will continue to get current USD 4.2 rate till it makes up for shortfall in output from KG-D6 block.
BP Plc
11 Sep 2014
Delay in gas price hike frustrating, says BP
BP Plc, Europe's second-largest oil company, on Thursday said the delay in implementation of a natural gas price hike was frustrating as the delay was holding back investments.
ONGC
02 Sep 2014
ONGC says needs $6-7.15 gas price to break-even
Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural Gas Corp (ONGC) has said it needs USD 6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block.
natural gas
12 Jul 2014
Price of Natural gas should not be increased: Trade Body
A city based trade body, representing the chemical industries, Saturday said the recommendations of the Rangarajan Committee set up during the UPA regime for fixing the price of natural gas had "several flaws" and that the price should not be increased.
ONGC
26 Jun 2014
Unfair to expect gas price decision by new govt so soon: ONGC
The UPA government-approved formula, if implemented, would have increased power tariffs by Rs 2 per unit and CNG rates by Rs 12 a kg.
Reliance Industries
25 Jun 2014
Govt to slap additional penalty of $578 million on RIL
The government plans to impose an additional penalty of USD 578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.
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