The domestic gas price notified by the government applies to the natural gas produced from the legacy and oil fields of Oil and Natural Gas Corporation Ltd (ONGC) and Oil India Limited (OIL).
As per the new price that will come into effect from 6 am on October 2, CNG would be charged at Rs 47.48 per kg in Delhi -- an increase of Rs 2.28 per kg.
A new book edited by energy expert Vikram Singh Mehta looks at different aspects of natural gas use in India, including policy changes and reforms in pricing.
Neeru Abrol, Chairman & Managing Director, National Fertilizers believes pooling of gas will make business more attractive and the average price could be around USD 10-12 per mmbtu.
Debtors have risen since last couple of quarters mainly because of some ongoing issues because of the PNGRB tariff orders which has still not been finalized. Once this thing is sorted out, this PNGRB revised tariff order and zoning the receivables will go away: GSPL
A high powered ministerial panel will meet on July 17 to consider abolishing priority ranking in natural gas allocation. This shall be done so that the fuel currently consumed by urea plants can be shared with fuel-starved power plants.
India's import of natural gas will surpass domestic production in two years as output from fields like Reliance Industries' KG-D6 field stagnates.