The government revises gas prices twice annually—from April 1 to September 30 and from October 1 to March 31. So, the price for October 1 to March 31 is based on the average price from July 2021 to June 2022.
Due largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected to show that prices jumped 8.7% from a year earlier.
The decision to reduce the price of LPG cylinders is seen as a big relief to commoners who are facing the brunt of rising food prices.
Joe Biden tied higher energy prices to the Russian invasion of Ukraine and said defending freedom, defending democracy was not going to go without cost for the American people and the rest of the free world.
CNG and piped natural gas prices could fall further this festive season, with price of domestically produced gas expected to come down in October by about 20 per cent to less than $2 per million British thermal unit.
Prices of natural gas in India are likely to be cut to USD 1.9-1.94 - the lowest in more than a decade - from October, denting revenues of producers such as ONGC who are already incurring huge losses on gas production.
The price of most of the natural gas produced by state-owned ONGC and Oil India Ltd, which account for bulk of India's existing gas output, was cut to USD 3.23 per million British thermal unit for the six-month period beginning October 1, from USD 3.69 as of now, according to the oil ministry's Petroleum Planning and Analysis Cell (PPAC).
The price will be implemented in the gas bills of October and will help the cash-starved government to recover Rs 94 billion from consumers.
New Delhi: Qatar has agreed to lower the price of gas it sells to India on a long-term contract by about $6 billion (Rs 39,858 crore) to reflect the slump in global energy rates and
New Delhi: Domestic natural gas prices are likely to be slashed by over 10 per cent to USD 5.02 per unit from April 1, hitting revenues of companies like ONGC and Reliance Industries.The prices of
New Delhi: As the stage appeared set for a review of natural gas prices, Reliance Industries has denied receipt of any letter from the Narendra Modi government assuring a hike in prices of this hydrocarbon
New Delhi: The government is likely to hike natural gas rates from July 1 after a new price formulation is approved by the Cabinet, a top Oil Ministry source said today.The first increase in natural
New Delhi: After AAP sought the Election Commission's intervention in stalling the gas price hike from April 1, the poll panel has sought details from the government on the proposed increase.The Commission has already discussed
New Delhi: A day after Arvind Kejriwal declared that an FIR be filed against Industries chairman against Reliance Industries chairman Mukesh Ambani and Veerappa Moily over gas pricing issue, the FIR filed does not mention
New Delhi, Jul 29: Government's controversial decision to raise the price of natural gas reached the Supreme Court which today agreed to examine the matter.Taking up a PIL filed by CPI MP Gurudas Dasgupta, the
New Delhi, June 28: A day after the Cabinet approved nearly doubling of natural gas prices to about $8, Finance Minister P Chidambaram on Friday hinted at moderating the price of fuel to power and
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