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Home > News > Reddy red-flagged RIL gas price hike to EGoM > Reddy red-flagged RIL gas price hike to EGoM

Reddy red-flagged RIL gas price hike to EGoM [1]

New Delhi In his last days at the Union petroleum ministry, S Jaipal Reddy had reiterated his opposition to a hike in the price of natural gas from the current $4.2 per unit at Reliance Industries’ KG-D6 block. If the company’s demand for price revision is accepted now, the exchequer could lose around $6 billion, Reddy said in a note prepared for the empowered group of ministers (EGoM) and a copy of which was sent to the attorney general (AG).

After India Against Corruption’s Arvind Kejriwal revealed this and posted purported copies of Reddy’s note dated October 10 on its website on Wednesday, RIL came out with a statement denying the allegations.

Publication Date: 
01/11/2012
Financial Express (New Delhi) [2]
Tags:
Natural Gas [3], Petrochemical Industry [4], Natural Gas Exploration [5], Economy [6], Ministry of Petroleum and Natural Gas [7], Liquefied Natural Gas (LNG) [8], Fuel Pricing [9], Energy [10]
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Source URL: http://admin.indiaenvironmentportal.org.in/news/reddy-red-flagged-ril-gas-price-hike-egom

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/reddy-red-flagged-ril-gas-price-hike-egom
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas-exploration
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-petroleum-and-natural-gas
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/liquefied-natural-gas-lng
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy