If the price rise is approved, it would raise costs for power and fertiliser companies and other natural gas buyers such as city gas distributors

The pricing of natural gas is set for a major revamp. An empowered group of ministers is likely to approve new policy guidelines based on the Rangarajan committee report; this would more-than-double the price of domestic gas sold by Oil and Natural Gas Corporation and Oil India. If the price rise is approved, it would raise costs for power and fertiliser companies and other natural gas buyers such as city gas distributors.