BP chief, Ambani meet PM on gas pricing | business | Hindustan Times
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BP chief, Ambani meet PM on gas pricing

business Updated: Apr 15, 2013 22:46 IST
HT Correspondent

UK-based BP Plc head Bob Dudley and Reliance Industries chairman Mukesh Ambani on Monday asked the government to lay a clear roadmap for market driven pricing of natural gas as current sub-market rates were not drawing big investments.

On his second visit to India in as many months, Dudley along with Ambani met Prime Minister Manmohan Singh and senior government functionaries to brief them about their investment plans as also to seek clarity on regulatory issues.

The duo also met Planning Commission deputy chairman Montek Singh Ahluwalia and had sought a meeting with law minister Ashwini Kumar, two key members of a ministerial panel on gas pricing and allocation.

Dudley, who made a day-long stop-over here on the way to Shanghai, pressed for clarity on pricing of natural gas that will be implemented upon expiry of the $4.2 per million British thermal unit rate a year from now.

“They are very keen that government take a view (soon). That process is underway. I wasn’t able to tell him what we are going to decide,” Ahluwalia said.