Gas price

Gas Price News

Reliance suspends gas auction after govt altered marketing rules

Reliance Industries Ltd suspended a planned auction for the sale of natural gas. E-bidding for the sale of 6 million…

January 16, 2023 17:15 IST

Explainer: Gas sector needs sound regulation

In the downstream sector, the Petroleum and Natural Gas Regulatory Board (PNGRB), set up under the PNGRB Act, 2006, regulates…

Updated: January 4, 2023 07:25 IST

Gas procurement policy, gas price, fertiliser subsidy, fertiliser price

Gas procurement policy tweaked to bring down cost of fertilisers

The government makes available urea at rates much below cost to farmers, with subsidy routed through fertiiliser producers.

December 23, 2022 05:30 IST

India Gas: Price cap improves outlook for city gas

CGDs will retain benefit from the upcoming cut in domestic gas prices

December 5, 2022 05:45 IST

kirit parikh committee, natural gas, gas price,

Let gas flow freely

Parikh panel’s bold proposals may lead to a dynamic domestic market

December 3, 2022 04:00 IST

Kirit Parikh panel submits gas report, suggests pricing freedom beginning Jan 2026

A fixed band of pricing for gas from legacy fields, which makes up for two-thirds of all natural gas produced…

Updated: November 30, 2022 15:57 IST

Gujarat Gas, Gujarat Gas net profit, Gujarat Gas revenue

Gujarat Gas profit up 65%

GGL’s Ebitda stands at Rs. 661.26 crore, up 50.22% from Rs 440.20 crore in 2021.

November 11, 2022 02:15 IST

Marketing, pricing freedom must to catalyse investments in gas fields

India aims to transit to an increasingly gas-based economy by raising the share of natural gas to 15 per cent…

October 23, 2022 13:55 IST

Why ArcelorMittal, other metal giants are shutting factories amid Europe energy crisis; here’s what lies ahead

The world’s second-largest steel producer ArcelorMittal recently announced the closure of a factory in Europe as a result of rising…

September 14, 2022 14:52 IST

gas price, lpg, gas, cng, petroleum, natural gas

Fresh review of gas pricing formula starts

To ensure ‘fair price’ to consumer; RIL, others want price cap removal.

September 7, 2022 06:15 IST

Gas Utilities, Gas Utilities supply, gas allocation,

Gas Utilities: Cheaper supplies limit risk of a price freeze

IGL and MGL to be the key beneficiaries of govt move; contracted spot volumes are vital to Gujarat Gas earnings

August 29, 2022 03:45 IST

natural gas, natural gas demand, natural gas production,

India aims to have 15% gas in energy mix by 2030

GMTS started defaulting on supply to GAIL since late May and so far in the current calendar year, it has…

August 19, 2022 04:50 IST

In May, the government had mandated GAIL to procure and mix LNG in the CGD pool and supply the same at uniform base price to all CGD entities. This pooled price for August came to $10.5 per mmBtu. In comparison, the gas from regulated fields of ONGC is priced at $6.1 per mmBtu.

CGD players may cut prices as APM gas supply hiked

CNG volumes to get a boost

August 12, 2022 02:45 IST

During the April-June period of the current fiscal, India imported 7,400 mmscm LNG valued at $3.4 billion. India’s net natural gas production during the period was 2,724 mmscm.

RIL renews call to remove cap on domestic gas price

MJ field to go on stream by Q3

July 24, 2022 06:30 IST

As OMCs are net-buyers of petrol and diesel, they may gain 11–51% if domestic sourcing is pegged to export-parity price.

Oil & Gas: Govt decision deals sector a blow

Estimates for RIL kept unchanged; target price for ONGC cut to Rs 148, with stock downgraded to ‘Hold’; OMCs may…

July 4, 2022 01:22 IST

ONGC seeks minimum $17 price for Bokaro coal gas

Bidders will have to quote a premium they are willing to offer over this reserve price.

June 21, 2022 15:54 IST

Record gas price hike: Huge gains for ONGC, RIL, but CGD firms’ margins to shrink

Hetal Gandhi, director at Crisil Ratings, said: “Margins of CGD entities will be impacted significantly, contracting by around 300 baisis…

April 2, 2022 01:45 IST

'Market-determined' price of gas produced from 'difficult' fields such as the KG-D6 block in KG basin operated by Reliance-BP combine, will also see a similar hike.

Gas price to more than double from tomorrow; APM gas price in H1FY23 seen at $6.6/unit

As regards the fertiliser sector, which relies on domestic gas for nearly 32% of its gas requirement while meeting the…

March 31, 2022 04:00 IST

Bonanza for Reliance, ONGC: Gas price to more than double this week

The government-dictated price for natural gas produced in the country is to be revised on April 1 and factoring in…

March 30, 2022 15:07 IST

"We are interested in further attracting Indian investment to the Russian oil and gas sector and expanding Russian companies' sales networks in India," Novak told Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri.

Russia seeks Indian investment in its oil and gas sector

Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions…

March 12, 2022 17:26 IST

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

LPG price double in 7 years; tax collection on petrol, diesel jumps 459%: Oil Minister Dharmendra Pradhan

Oil Minister Dharmendra Pradhan said the price of domestic subsidised LPG has been raised during the last few months. It…

March 8, 2021 19:43 IST

Gas distributors’ shares gain after govt cuts prices

Gas distributors such as Gujarat Gas, Indraprastha Gas (IGL) and Petronet LNG were trading higher by 3.23 per cent, 1.88…

March 31, 2016 14:13 IST

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