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RANGARAJAN PRICE FORMULA
How gas price formula was crackedThat formula, suggested by a panel under C Rangarajan, would have doubled the price to $8.5 per unit from $4.2 at present.- Gas price of over $6.5 key to monetisation of RIL discoveries"Our channel checks indicate that a gas price over $6.5 per mmBtu is necessary to enable monetisation of RIL's deepwater discoveries," Deut...
- New natural gas pricing formula by September 30: GovernmentThe government on Wednesday said it will come out with a new natural gas pricing formula by September 30 keeping in mind the interest of in...
- Government sets up panel to suggest new gas pricing mechanismThe ministry has suggested a deadline of August 31 for completing discussions with explorers and gas consumers such as urea and power plant...
- Gas price revision can happen even before October 1: Dharmendra PradhanPradhan said the Rangarajan formula had certain anomalies which the new government will look to fix keeping the interest of end-consumers i...
- Need to fix anomalies in Rangarajan formula on gas pricing before revising rates: Piyush GoyalIn Power & Coal Minister Piyush Goyal's opinion, gas prices in India cannot be fixed based on a formula that includes Japanese imports.
- Hectic parleys on gas price continue in PMOIf the Rangarajan formula is implemented without changes, power tariff will rise by about Rs 2 per unit and CNG rates will jump by over Rs ...
- Government looks at ways to resolve gas pricing issueNatural gas pricing is a contentious issue that pits consumers in the power and fertiliser sector against producers.
- Government may appoint panel to devise simple gas pricing formulaAccording to the formula approved, rates are to change every quarter based on average price in previous 12 months.
- Oil ministry may form another panel to resolve gas pricing issueThe previous government could not announce the new rate of $8.40 per unit, because the Election Commission vetoed its move on the ground th...
- Gas price hike to balance reforms, interest of poor: Oil Minister Dharmendra PradhanThe ministry will announce a new rate once its gets clarity on implementation of the Rangarajan formula, which would double the gas price, ...
- Veerappa Moily puts off hike in gas price till June-endMoily has decided to hold gas prices at the current level of $4.2 per unit until the end of June and not allow retrospective revision of ra...
- Gas companies like GAIL India, Reliance Industries, BG India may have uniform sales pact with consumersGAIL India, Reliance Industries and BG India may no longer charge higher gas prices from fertiliser companies.
- RIL to charge KG-D6 gas consumers on revised terms from AprilReliance Industries today said it will from next month charge consumers of its KG-D6 gas on changed terms.
- RIL cheers gas price hike, now wants free pricingThe government on Friday notified the new formula, which links gas prices to international benchmarks.
- Gas price at about $8; FM hints lowering price for fertilizer, powerThe increase in current gas price of USD 4.2 per million British thermal unit will result in sharp rise in cost of producing power and fert...
- Fertiliser department for hiking gas ratesOther than the power ministry, all other departments have proposed a gas price, which is $6.77 per unit or more.
- Oil Ministry asks cabinet to approve Rangarajan gas pricing formula till FY17The Cabinet note reiterates the government's strategy to have a globally competitive gas pricing policy in the long run.
- RIL chairman Mukesh Ambani, BP's CEO Bob Dudley meet PM, seek clarity on gas pricingAmbani and Dudley met Prime Minister Manmohan Singh and top officials to press for quick approvals and marketbased price of natural gas.
- Proposed gas pricing formula not in line production pacts: CIIIndustry body CII has drilled holes in the Rangarajan Panel report on pricing of natural gas based on average of global indices, saying the...
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