Thu, Mar 22, 2018
India imports half of its gas which costs more than double the domestic rate. The USD 3.06 per mmBtu rate would be for six months beginning April 1 and will be the highest since April-September 2016 when a similar price was paid to domestic producers. The increase in price will boost earnings of producers like Oil and Natural Gas Corp (ONGC) and Reliance Industries but will also lead to a rise in CNG price, which uses natural gas as input. It would also lead to higher cost of urea and power production.
More >
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
