Cabinet defers gas price hike decision by three months

Tags: News
India has deferred the decision to raise prices of locally produced gas by three months, the oil minister said on Wednesday.

"Comprehensive discussions are required on this issue," said Dharmendra Pradhan.

Currently, the bulk of domestic gas is sold at $4.2/mBtu, which producers Reliance Industries (RELI.NS) and state-run ONGC (ONGC.NS) say is not enough to explore new areas of India's reserves.

EDITORIAL OF THE DAY

  • Finalising the formula for fixing the fair market value of shares calls for a detailed debate

    Whenever there is a change of regime at the Centre, the new government has its tasks cut out for execution.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Roopen Roy

High CEO pay and the gaps it leaves

Unlike the UK, Norway took a remarkable decision with its ...

Zehra Naqvi

Watch your words, for they can kill

You must’ve heard the ph­rase ‘if looks could kill’. Ever ...

Dharmendra Khandal

Biodiversity day has come and gone. Yet again

Every year on May 22, world celebrates international biodiversity day. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture