Shares of three natural gas production companies were down by 0.16% to 0.73% at 9:49 IST on BSE after the government reduced the natural gas price by 7.72% from today, 1 April 2015.
Reliance Industries (down 0.73%), ONGC (down 0.24%) and Cairn India (down 0.16%), edged lower.
However, Oil India was up 0.63% at Rs 456.50.
The S&P BSE Sensex was down 18.55 points, or 0.07% at 27,938.94.
Petroleum Planning & Analysis Cell under the Ministry of Petroleum & Natural Gas after trading hours yesterday, 31 March 2015, notified price of domestic natural gas at $4.66 per million metric British thermal unit (MMBTU) on gross calorific value basis for the six months period from 1 April 2015 to 30 September 2015. The gas price is lower by 7.72% from the price of $5.05 per MMBTU for the period from 1 November 2014 to 31 March 2015.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app