Page 5 - Gas Price
ONGC, Oil India stocks rise: Post rally investors need to exercise caution
With the muted outlook for crude oil realisations and volumes, FY21 earnings may take a hit
 "ONGC, Oil India stocks rise: Post rally investors need to exercise caution")
Rethinking gas
India must rebalance its energy expectations away from coal
India's gas demand at inflexion point, to rise by 66% in 5 years: Report
Gas demand is expected to rise from 148 million standard cubic meters per day in 2018-19 to 250 mmscmd by FY25, Elara Securities said in a report
 "India's gas demand at inflexion point, to rise by 66% in 5 years: Report")
12.5% cut in natural gas price is credit negative for ONGC: Moody's
The decline in natural gas revenue and earnings will have a limited effect on ONGC's metrics for fiscal 2020
 "12.5% cut in natural gas price is credit negative for ONGC: Moody's")
Govt cuts gas price by over 12%, first such rate reduction since April 2017
The government cut the price of gas produced from difficult fields to $8.43 from $9.32, the PPAC notification said
 "Govt cuts gas price by over 12%, first such rate reduction since April 2017")
Rahul Gandhi hits out at Modi over gas price hike, says vacate 'sinhasan'
The prices of the LPG cylinder's went up by Rs 4.50, while the non-subsidised rates was hiked by a steeper Rs 93 per cylinder
 "Rahul Gandhi hits out at Modi over gas price hike, says vacate 'sinhasan'")
ONGC and Oil India chafe at decrease in gas price
Per dollar decrease in gas price will have an impact of Rs 4,200 crore on its gross revenue, according to ONGC
 "ONGC and Oil India chafe at decrease in gas price")
Gas price cut to benefit utilities
But profits of gas producers such as ONGC and Oil India will be hit
 "Gas price cut to benefit utilities")
Gas price cut to dent ONGC earnings, shower savings for consumers
Bad news for ONGC and Oil India but good news for power and fertilizer companies and city gas consumers
 "Gas price cut to dent ONGC earnings, shower savings for consumers")
Government cuts local gas prices for April-September by 20%
Prices to be cut to $3.60 per million British thermal units (mmBtu) in the first half of next fiscal
 "Government cuts local gas prices for April-September by 20%")
For imported RLNG, power plants forego subsidy
Govt to save an estimated Rs 18 crore
Cabinet nearly doubles undeveloped gas finds price
With the current rates, the price of gas will come to $7 per million British thermal unit
 "Cabinet nearly doubles undeveloped gas finds price")
Govt to hike gas price for ONGC, RIL by 60% for undeveloped gas discoveries
Gas price in India is currently $3.82 per million British thermal unit, a rate which is not enough to incentivise exploration