PM “sympathetic” to Reliance Industries’ demand for gas price revision

India Against Corruption alleged on Wednesday that Prime Minister Manmohan Singh was batting for corporate houses, and the PMO was very “sympathetic” to Reliance Industries Limited’s demand for a revision in the gas price. “RIL’s request for an increase in the gas price was turned down by the Petroleum Ministry under the leadership of Jaipal Reddy and the Empowered Group of Ministers (EGoM) during the past two years. The EGoM had fixed a price of $4.2 per Million Metric British Thermal Units (mmBtu) for RIL and others, valid till March 31, 2014.