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Moily says no going back on gas price hike decision

Coming down heavily against Delhi Chief Minister Arvind Kejriwal for ordering an "unconstitutional" FIR against him and others for raising gas prices, Oil Minister M Veerappa Moily today said the...

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BJP seeks Kejriwal’s apology over claims of Modi signing letter on gas price

Chief spokesperson of Delhi BJP Sanjay Kaul today said Kejriwal's reported statements at a rally in Delhi suggesting that he was in possession of a letter signed by Narendra Modi seeking a gas price...

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Hike gas prices now: Energy giants RIL, ONGC, BP, Cairn tell govt panel

Energy giants led by Reliance Industries, ONGC, BP and Cairn India today unanimously demanded an immediate hike in natural gas prices. The post Hike gas prices now: Energy giants RIL, ONGC, BP, Cairn...

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ONGC shares surge 8%; gas price hike to add Rs 1,950 cr to profits this year

Every $1 rise in gas price increases ONGC's revenues by Rs 4,000 crore and net profit by Rs 2,350 crore The post ONGC shares surge 8%; gas price hike to add Rs 1,950 cr to profits this year appeared...

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Gas price may fall to $5/unit in 3 years, says Goldman Sachs

The new natural gas price of USD 5.61, which is already among the lowest in Asia Pacific, is likely to drop to around USD 5 per unit in three years due to the variables included in the formula, Goldman...

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Govt may dip into RIL’s incremental gas price hike revenue

While announcing a 33 per cent hike in natural gas priceto USD 5.61, the government had on October 17 said that RIL will continue to get the old rate of USD 4.2 for the mainD1&D3 gas field in KG-D6...

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Govt cuts gas price to $3.82, braces for revenue dent by Rs 800 cr

The price cut today is the second reduction in rates ever - the first being on 1 April. The post Govt cuts gas price to $3.82, braces for revenue dent by Rs 800 cr appeared first on Firstpost.

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Gas price cut to discourage new investment in oil sector: S&P

The lower prices will reduce the government's earning from royalty by about Rs 60 crore. The post Gas price cut to discourage new investment in oil sector: S&P appeared first on Firstpost.

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Govt to hike gas price for ONGC, RIL by 60 per cent

In a boost to firms like ONGC and Reliance Industries, the government plans to raise natural gas price by about 60 per cent for their undeveloped gas discoveries in difficult areas. The post Govt to...

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Cabinet clears new price formula for undeveloped gas finds

In a boost to firms like ONGC and Reliance Industries, the Cabinet today approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of...

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