EGoM fixed the price for 5 years and it needs to decide on RIL’s revision demand, says Vahanvati

The government’s top law officer has said deciding on revising the price of gas from the D6 field of the Krishna-Godavari (KG-D6) basin before April 2014 is a matter of policy, not law. In his advice to Finance Minister Pranab Mukherjee, who chairs the empowered group of ministers (EGoM) on the subject, Attorney General G E Vahanvati has said one cannot ignore the fact that the price has been fixed and the fixation is effective up to April 2014.