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

Natural gas prices were today cut by a steep 18 per cent to $3.82 per unit, the biggest reduction in rates ever, that will dent government revenues by about Rs 800 crore and hit profits of......

Oil regulator seeks consultants to set RIL marketing margin

New Delhi Oil regulator PNGRB plans to hire consultants to advise it on fixing the margin that natural gas marketers such as Reliance Industries and GAIL India can charge from urea manufacturers......

Will fertiliser cos agree to pay higher gas price to RIL?

Customers of gas supplied by Reliance Industries (RIL) from its D6 block in the Krishna-Godavari basin (KG-D6) are likely to henceforth be asked to sign a gas sales purchase agreement (GSPA)) on an......

RIL changes gas contracts, price to rise by 10%

Reliance Industries has made drastic changes in gas supply contracts that will jack up its KG-D6 gas price by 10 per cent over and above the new rate of $8.3 coming into effect from next......