No review of decision on gas pricing: Moily

Our Bureau Updated - March 12, 2018 at 07:03 PM.

M. Veerappa Moily, Minister for Petroleum & Natural Gas along with Secretary, P&NG, Vivek Rae addressing the media on outcome of his visit to Iraq and Turkmenistan, in New Delhi. Photo: Kamal Narang

Putting to rest all speculation on whether the Government would review its decision on gas pricing, M. Veerappa Moily, Minister for Petroleum and Natural Gas, said there would be no distinction between companies as far as gas pricing is concerned.

Clarifying on reports that the Finance Ministry wanted the Petroleum & Natural Gas Ministry to consider a cap on gas price as well as ask Reliance Industries to sell its unmet commitments from D6 at current rates of $4.2 per mmBtu, Moily said there is no thinking on review of the CCEA decision.

CCEA towards the end of last month approved a new gas pricing policy that would be applicable to natural gas produced domestically to all consumers uniformly.

Published on July 11, 2013 10:49