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)
- Hero Group Set To Buy Wind Energy Assets Of Bhilwara – October 19, 2017
- Mahindra Susten To Build India’s 1st Battery-Backed Solar Project In Andaman – October 19, 2017
- RIL-BP To Invest $1.4bn To Develop Satellite Gas Fields – October 18, 2017