For Quick Alerts
For Daily Alerts

Cabinet to consider natural gas price hike in next week

By Religare

The Oil Ministry's proposal to hike natural gas prices is expected to be considered by the Cabinet next week. As suggested by a panel headed by Prime Minister's economic advisor, C Rangarajan, the Oil Ministry had proposed for an immediate hike of 60 per cent in natural gas prices.

The ministries of Finance, Fertilizer and Power have already sent their comments on the Oil Ministry's revised note.

The government-appointed committee had suggested pricing domestic gas at an average of rates at three key international hubs incuding US Henry Hub, National Balancing Point of UK and well-head prices of supplies into Japan, and the actual cost at which India imports LNG.


As per the Oil Ministry's proposed formula, the gas prices would be close to USD 12 in 2014-15 and USD 14 in the next year.

Read more about: gas
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more