Page 6 - 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 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

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

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

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