Moneycontrol
Last Updated : Sep 09, 2016 07:46 AM IST | Source: CNBC-TV18

Gas prices may fall below $ 2.50/mmBtu from October 1: ONGC

State-owned Oil and Natural Gas Corp (ONGC) today reported a 21 percent drop in its June quarter net profit as oil prices slumped and its output fell.

State-owned Oil and Natural Gas Corp (ONGC) today reported a 21 percent drop in its June quarter net profit as oil prices slumped and its output fell.

Net profit at Rs 4,233 crore in April-June was 21.14 percent lower than Rs 5,368 crore in the same period a year ago, the company said in a statement.

Watch ONGC press conference where DK Sarraf, CMD of ONGC is addressing the media.

First Published on Sep 9, 2016 07:46 am
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