Published 1 year ago

ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

Summary by Ground News

A government-appointed gas price review panel is recommending a floor and ceiling price for natural gas produced from legacy fields of state-owned firms for five years. State producers Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) will be paid a minimum or floor price of USD 4 per million British thermal unit. The report, which calls for not tinkering with the existing pricing formula for difficult fields, is under finalisation.

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Live Mint

ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

The panel headed by former planning commission member Kirit S Parikh is in the final stages of finalising its report

1 year ago·New Delhi, India

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ONGC Gas Price To Be Capped At $6.5 For 5 Years

A government-appointed gas price review panel, led by Kirit Parikh, is recommending a floor and ceiling price for natural gas produced from legacy fields of state-owned firms for five years to help moderate CNG and piped cooking gas rates.State producers Oil and Natural Gas Corporation and Oil India Ltd. will be paid a minimum or floor price of $4 per million British thermal unit and a cap or ceiling price of $6.5 as against the current rate of …

1 year ago

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Financial Express

ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

The report, which calls for not tinkering with the existing pricing formula for difficult fields such as KG-D6 of Reliance Industries and bp plc, is under finalisation and may lower the ceiling price for ONGC gas marginally.

1 year ago

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Zee Business

ONGC and Oil India gas price to be capped at $6.5 for 5 years - know what govt authorised panel recommends

The floor and ceiling price will be applicable for five years although the initial thought was to keep it for three years, they said adding the ceiling price will have an annual escalation clause. Get more Companies News and Business News on Zee Business.

1 year ago·India

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ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

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ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

ONGC Gas Price To Be Capped At $6.5 For 5 Years

ONGC Gas Price To Be Capped At $6.5 For 5 Years

ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

ONGC and Oil India gas price to be capped at $6.5 for 5 years - know what govt authorised panel recommends

ONGC and Oil India gas price to be capped at $6.5 for 5 years - know what govt authorised panel recommends

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