The suggestions are now expected to be vetted by the oil ministry
The Rangarajan Committee, looking into the Production Sharing Contracts (PSCs) in the oil and gas sector, has suggested an annual revision based on an average of international gas prices unlike the five-year cap currently in place for gas produced in Reliance Industries’ KG-D6 block. Currently, $4.2 per million british thermal units (mbtu) is the benchmark for domestic price.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/panel-linking-domestic-gas-price-global-average
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/methane
[7] http://admin.indiaenvironmentportal.org.in/thesaurus/comptroller-and-auditor-general-india-cag
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/liquefied-natural-gas-lng
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
