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A Parliamentary panel has sought a review of the Rangarajan formula that will be used to price natural gas from April next year saying the rate should be fixed after factoring in domestic cost of production...The panel, headed by Andhra Pradesh MP
The Union Cabinet will soon decide on putting a cap or limit on hikes in natural gas prices following a new pricing formula coming into effect from April 1, 2014, Oil Secretary Vivek Rae said on Wednesday. The Union Cabinet had in June decided to
Ailing UP sugar industry now has a new supporter in Ajit Singh , chief of Rashtriya Lok Dal. The cabinet minister for aviation along with UP sugar industry representatives met the Food minister K V Thomas and the Agriculture minister Sharad Pawar
Senior Left leader and CPI MP, Gurudas Dasgupta on Monday sought the intervention of Prime Minister, Manmohan Singh in preventing what he said was another huge scam on the lines of the 2G affair, this time in the Petroleum Ministry, if the corporate
As the world's third-largest liquefied natural gas (LNG) exporter behind Malaysia and Qatar, Indonesia is one step closer to renegotiating the price formula of the Tangguh gas sale to Fujian province, China, says a senior minister.
last November, was alleged mismanagement of oil and the gas that highly favored foreign buyers, evidenced in the large quantities of gas exported at a low price despite the gas shortage at home. As the 2014 general elections near, practices of
January 23, 2013 Seeking laying out of a roadmap to moderate the impact of gas price hike with increased availability to the power sector, the Association of Power Producers (APP) has asserted that new gas price of around $8 to 8.5 mmbtu proposed by
CNG association/station owners would be presented before the Economic Coordination Committee (ECC) on Tuesday (today)...Justice Jawwad S Khawaja and Justice Khilji Arif Hussain, that the price formula would be presented in the ECC on Tuesday (today).
CNG on Thursday, with CNG in region 1 placed at Rs72.20 per kg and at Rs63.76 per kg in region 2, Our Sources. Region-1 comprises Khyber-Pakhtunkhwa, Balochistan and the Potohar Region (Rawalpindi, Islamabad and Gujar Khan) and Region-2 comprises
Wednesday proposed a new pricing formula to keep CNG business viable, bring standardisation and rationalise prices of the product...In a statement issued on Wednesday, he said the Ogra can accept any of the option to fix prices immediately. Majority