Energy giants led by Reliance Industries, ONGC, BP and Cairn India have unanimously demanded an immediate hike in natural gas prices, saying current sub-market price of $4.2 was impeding development of over a dozen discoveries. As the government began consultations with stakeholders on raising gas prices, gas producers and consumers met a committee of secretaries (CoS) separately with their pleas on the issue. The panel, whose meeting was chaired by Power Secretary PK Sinha, gave a patient hearing to both sets and asked them to present their views in writing by August 28.
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