Gas Price

Natural gas regulator PNGRB has said that the company seems to have made profit at the cost of gas consumers, and is seeking a framework to bring the regassification activities under its purview.

Are rising natural gas prices a bullish signal?

A seasonal price trend may fool newbie retail traders into thinking it’s a bullish breakout in the making. Why the charts are misleading, on this occasion

US retail sales rise 0.6% in August as inflation on many items eases, but gas price hike boosts number

Retail sales rose 0.6% in August, compared with a revised 0.5% increase in July, according to a report issued by the Commerce Department on September 14.

Short Call: Page Industries, Cummins India, Info Edge abuzz, whiff of treasure in trash, copper gets a dent

Dalal Street bulls point to a better-than-expected quarterly earnings season and the fact that interest rates may have peaked. Bears contend that there are enough signs of the economy slowing and that valuations are capturing most of the upside

Power tariffs in India are one of the lowest in the world: RK Singh

The Union minister for power and renewable energy said for the first time current subsidy dues owed to discoms by state governments are up to date and legacy dues are being cleared expeditiously.

Government cuts gas price for April to $7.92; ONGC/OIL capped at $6.5

The Union Cabinet while changing the pricing formula capped the rates at $6.5 per mmBtu for gas produced at legacy oil fields

Stock Market Live: Kirit Parikh Panel Recos Light Up City Gas Stocks | Markets With Santo & CJ

City gas distribution stocks were back in demand today after the recommendations of the Kirit Parikh panel on gas pricing were reported by news outlets. Watch Santo and CJ analyse the recommendations of the panel and talk about the stocks that might benefit.

EU leaders turn to gas price caps to end energy crunch

The leaders, meeting in Prague for informal talks, are unlikely to come up with concrete measures on Friday, officials said, but should tell their energy and finance ministers which of the several available solutions to pursue further.

Mahanagar Gas hikes CNG price in Mumbai by Rs 6 to Rs 86/kg; PNG up by Rs 4 to Rs 52.50/SCM

The state-run company blamed the 40 per cent increase in input prices by the government from October 1 for the steep increase in the retail prices along with the supply cut.

Gas prices hiked 40%; experts fear higher prices may hit Centre's subsidy purse

On Friday, prices of natural gas were hiked by a steep 40 per cent to record levels, in sync with the strong energy rates globally.

ONGC leads oil stocks on a joyride as crude prices rebound, India lowers levy

The momentum was also because prices of natural gas were hiked by a steep 40 percent to record levels, in step with global firming up of energy rates

ONGC wants government to scrap windfall tax, $10 gas price

As per the extant guidelines, ONGC pays a minimum annual dividend of 30 per cent of net profit or 5 per cent of the net worth, whichever is higher.

EU readies energy package, countries split over gas price cap

At a meeting on Friday, EU countries’ energy ministers asked the European Commission to draft measures to skim off excess revenues from non-gas power generators, cut EU-wide electricity use, and help power firms in need of emergency liquidity.

Govt sets up committee for stable gas price for power units: Oil Secretary

India has 24,900 megawatts of gas-based power generation capacity. But of this, 14,305 MW is stranded due to the non-availability of reasonably priced gas.

Wholesale inflation again reduces marginally in July, climbs down to 11.1%

The main driver behind wholesale prices in recent months, fuel inflation rose by a smaller margin of 26 percent in July, down from 32 percent in June. While this has cooled wholesale inflation slightly, price rise continues to be historically high.

June wholesale inflation slightly reduces to 12.07% from earlier record high

Wholesale prices have shot up as a result of fuel inflation which remained at a high 32 percent in June. Till May, fuel inflation has nearly doubled for three straight months hitting 37 percent up from just 0.6 percent in February.

Impact of gas price increase was limited in Q3: Petronet LNG

India's biggest importer of liquefied natural gas, Petronet LNG Ltd, reported net profit of Rs 397 crore in the third quarter ended December 31. Company‘s profit more than doubled as it handled record volumes of imported gas.

Gas price for ONGC may be slashed by 20%: CMD Sarraf

Natural gas price paid to producers, including state-owned ONGC, will be cut by 20 per cent to USD 2.5 per million British thermal unit in October, in line with a softening global trend, CMD D K Sarraf said today.

Focus on tech innovation, capacity expansion: Mahanagar Gas

Outlining future plans, SM Ranade said that the company is working on a technology to combine gas and diesel for vehicles.

Excl: Gas price may fall from $4.24/unit to $3.15

In 2014, the government had introduced a formula that is used to calculate the price of gas produced in India.

New gas price for undeveloped discoveries to be $7/MMBtu: ONGC

DK Sarraf, CMD, ONGC says gas price for existing production remains unchanged at USD 3.8 per mmBtu.

ONGC seeks govt stay on gas price revision scheduled for April 1

Oil and Natural Gas Corporation (ONGC) has asked to introduce floor price of USD 4.20 for gas price.

Gas price cut to $3.82; will dent govt revenue by Rs 800 cr

Natural gas prices, as per the formula approved by the government in October last year, will fall to USD 3.82 per million British thermal unit (mmBtu) on gross calorific value (GCV) basis for six months, beginning October 1, from the current USD 4.66 per mmBtu, according to the Oil Ministry.

Iran offers gas at $2.95, India to invest Rs 1l cr: Gadkari

With the US and other western powers easing sanctions against Iran, India has been in talks with Tehran to set up a gas-based urea manufacturing plant at the Chabahar port, besides developing a gas discovery ONGC had made.

Oil Min to remind Fin Min on gas price premium soon

While approving a new gas pricing formula based on international hub rates in October last year, the government had decided that new gas discoveries in deep-water, ultra-deep sea or high-temperature and high-pressure fields will be given a premium over and above the approved price.