Gas pricing Current Affairs, GK & News

Price Restriction on locally produced natural gas removed-To Boost Investment

GoI has been reforming the oil and gas sector lately. Steps are being taken to free up pricing of oil and gas sector to scale up oil and gas production and to increase investment in the sector. To achieve this, GoI on November 11, 2019 removed price restriction on locally produced oil and natural gas. ..

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Government formalizes the price formula for natural gas

The Central Government has finalized a new pricing mechanism for natural gas. The new gas pricing formula is believed to be much lesser than the formula suggested by the Rangarajan Committee. Process of finalization The Centre had constituted a panel of secretaries to determine the methodology of pricing gas. The central cabinet accepted the recommendations ..

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