New Delhi With the government preparing to rationalise gas distribution from RIL’s KG-D6 block in the wake of a drop in production, Lanco and GMR plants in Andhra Pradesh are a worried lot.

Lanco’s Kondapalli power plant expansion and GMR Tanir Bawi power plants in Andhra Pradesh, which are earning a fortune by selling power in the free market, are facing cancellation of gas allocation from RIL’s KG-D6 block.

The Union government was contemplating action against Reliance Industries Limited (RIL) for not keeping its promise of producing 70 MMSCMD of gas (million metric standard cubic meters a day) from i

Oil Minister S Jaipal Reddy today ruled out deregulation of diesel prices and said he had demanded that the government compensate state-owned oil firms for the losses they made on not raising prices of petrol.

"Deregulation of diesel in entirety is very difficult proposition but at appropriate time we may look at reducing subsidy on diesel. But that time hasn't come," he said here.

The next salvo from the Comptroller and Auditor General (CAG) may come in the form of year-wise figures of the loss to the exchequer because of falling gas production from Reliance Industries Ltd’s

New Delhi The petroleum ministry has asked Reliance Industries to immediately withdraw its arbitration notice against the proposed move to curtail cost-recovery at its KG-D6 gas fields, saying ‘‘as

New Delhi A new policy on natural gas allocation for the next 10 years that is under discussion will benefit gas trading companies like Gail India but will make consumers pay more for not only power but also a clutch of industrial goods. It could also upset the government’s plan to reduce the subsidy on fertilisers.

This policy envisages mandatory use of imported liquefied natural gas or LNG (a minimum of 25% of the fuel/feedstock mix), which is substantially costlier than domestic natural gas that is expected to be in short supply.

A Planning Commission expert committee may soon recommend a revised price for ethanol, currently pegged at an ad hoc price of Rs 27 a litre.

Asserting that India was not facing any problem in making payments for the import of crude oil from Iran, Petroleum and Natural Gas Minister Jaipal Reddy on Wednesday warned that the country needed

Pulok Chatterjee to head panel deadline set for specific targets

The promoters of private power companies, including Ratan Tata and Anil Ambani, met Prime Minister Manmohan Singh on Wednesday and sought solutions to problems like acute fuel shortage, coal prices, delays in green clearances and funding. Singh assured them a road map would be prepared to resolve the issues in a time-bound manner.

The successfully concluded $8.48-billion Cairn-Vedanta deal has come “under cloud” following instances of serious human rights violations, default of payment, environmental damage in its mining and