The domestic natural gas price has risen 16 per cent to $2.89 per unit in line with international rates, after falling in every six-monthly revision since the government launched a formula-based pricing three years ago.
A price rise would boost profits of producers such as Oil and Natural Gas Corp (ONGC) and Reliance Industries but hurt gas consuming households, drivers and factories.
Latest posts by The Economic Times (see all)
- Government May Step In To Ensure Coal Supply For Power Plants – December 17, 2017
- Gail Starts Supply Of CNG For Scooters And Three-Wheelers In Bhuabneshwar – December 17, 2017
- Vedanta Rejigs Cairn Top Deck To Push $1 Billion Investment Plans – December 17, 2017