News Brief | October 2014
Panel submits report on gas price
A senior official-level panel looking into new pricing for domestically-produced gas has submitted its report to the Ministry of Petroleum and Natural Gas. Though there was no official communication on the proposals made by the panel, indications are that new price is likely to hover around $6/unit (gas is measured in million British thermal units). The report will be considered by a group of ministers headed by Finance Minister Arun Jaitley before a final call on the price is taken.