The final hearing on pleas challenging the decision to double the price of natural gas and seeking cancellation of RIL's contract for exploration of oil and gas from the KG basin has commenced in the Supreme Court. RIL refuted the allegation of extraneous consideration for the increase in the gas price from $4.2 to $8.4 per mmbtu for the gas taken from the existing fields like KG D-6 basin.
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