The revision of the gas pricing formula is in line with the recommendations of the Kirit Parikh committee but the government is silent on deregulating prices from 2027
India has revised the APM formula for legacy fields allocated to ONGC and OIL on a nomination basis. Prices for the next month will be 10% of the imported Indian crude basket
ONGC’s oil production declined to 16.88 million tonnes during the April-February period of the financial year 2022-23 from 20.80 million tonnes in the FY 2018.
Stock market responded in a cheerful way amid the hopes of CNG and PNG price cut by manufacturers to boost gas demand. Stock prices of gas manufacturers like Oil India, GAIL, etc, closed in green on Wednesday
Reliance Consumer Products’ ambitious foray into the FMCG market could rewrite sector rules, given the sustained disruptive pricing, and likely extension of credit to traders