Advertisement
Monday, Oct 25, 2021
Outlook.com

Will Price Be Discovered Or Invented?

RIL’s brazen demand: allow us to sell local gas at the price set for imported gas

Will Price Be Discovered Or Invented?
Sanjay Rawat
Will Price Be Discovered Or Invented?
outlookindia.com
-0001-11-30T00:00:00+05:53

The Seesaw Saga

  • Going against SC verdict on K-G basin case, RIL seeks say in gas pricing
  • PetroMin declines RIL’s demand for gas price at import parity rates
  • Free pricing not the norm, will impact consumer industries, end products
  • RIL move on CBM gas price also seen as a “ruse” to revise K-G basin gas price
  • Government asks RIL to withdraw its notice, but will seek arbitration soon.

***

The high-octane battle between the Union petroleum ministry and Reliance Industries over the D-6 block in the Krishna-Godavari basin has acquired a fresh dimension. Bolstered by an upcoming formal government approval of its 30 per cent stake sale in 21 exploration blocks to BP for $7.2 billion, RIL is upping the ante by asking the government to free gas pricing (fixed at $4.2 per million btus for the D-6 block, pending a revision due in 2014). What the company is seeking is import parity...

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

'Phir Bhi Dil Hai Hindustani': Shah Rukh Khan As The Symbol Of Indianness

'Phir Bhi Dil Hai Hindustani': Shah Rukh Khan As The Symbol Of Indianness

SRK’s persona evokes the kind of Indianness that denies categorisation into singular, exclusive identities. And thrives on making others feel welcome.

Aryan Khan Case: Witness Alleges NCB Asked For Rs 18 Crore Bribe From Shah Rukh Khan

Aryan Khan Case: Witness Alleges NCB Asked For Rs 18 Crore Bribe From Shah Rukh Khan

Aryan Khan, who is currently lodged in Mumbai's Arthur Road Jail, was arrested on October 2 on a cruise in connection to the possession of illegal drugs.

T20 World Cup: Pakistan Break Jinx Vs India In Style

T20 World Cup: Pakistan Break Jinx Vs India In Style

Babar Azam (68) and Mohammad Rizwan (79) made light of a 152-run target to help Pakistan break a World Cup jinx against India.

Love, Longing And Shah Rukh: Growing Up With DDLJ In The Time Of Mandal And Kamandal

Love, Longing And Shah Rukh: Growing Up With DDLJ In The Time Of Mandal And Kamandal

Shah Rukh Khan called himself a peddler of love. That’s better than the pitches selling religion. Love is all we need now.

Advertisement