Panel to submit report on new gas pricing formula today
10/09/2014 11:54
A four member panel of secretaries, set up by Central government is likely to submit the new gas pricing mechanism today, said the media report. The government had last month constituted a committee comprising of secretaries of power, fertilizer and expenditure with additional secretary in the oil ministry as its member secretary, to hold extensive consultations with stakeholders, primarily gas consumers and producers. "We hope to get it (committee report) by the 10th (of September)," Oil Secretary Saurabh Chandra had earlier told reporters on sidelines of the PetroFed Awards function. The cabinet committee on Economic Affairs had on June 25 deferred by three months the implementation of a formula approved by the previous UPA government which would have doubled gas price to USD 8.4 per million British thermal unit.
10/09/2014 11:54
A four member panel of secretaries, set up by Central government is likely to submit the new gas pricing mechanism today, said the media report. The government had last month constituted a committee comprising of secretaries of power, fertilizer and expenditure with additional secretary in the oil ministry as its member secretary, to hold extensive consultations with stakeholders, primarily gas consumers and producers. "We hope to get it (committee report) by the 10th (of September)," Oil Secretary Saurabh Chandra had earlier told reporters on sidelines of the PetroFed Awards function. The cabinet committee on Economic Affairs had on June 25 deferred by three months the implementation of a formula approved by the previous UPA government which would have doubled gas price to USD 8.4 per million British thermal unit.
