Oil regulator counters ADAG campaign with ads of his own | business | Hindustan Times
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Oil regulator counters ADAG campaign with ads of his own

Faced with allegations of favouring Mukesh Ambani-controlled Reliance Industries' Ltd in the ongoing gas price war with ADAG, oil regulator Directorate General of Hydrocarbons (DGH) on Wednesday launched an advertisement campaign to state that the government would get $16.57 billion as revenues compared to $9.5 billion for RIL.

business Updated: Oct 07, 2009 22:13 IST
HT Correspondent

Faced with allegations of favouring Mukesh Ambani-controlled Reliance Industries' Ltd in the ongoing gas price war with ADAG, oil regulator Directorate General of Hydrocarbons (DGH) on Wednesday launched an advertisement campaign to state that the government would get $16.57 billion as revenues compared to $9.5 billion for RIL.

DGH said at $4.20 per unit, the Government would earn in profit share, taxes and royalty Rs 77,879 crore, while the net revenues to RIL-Niko combine would be Rs 49,961 crore.

Director General VK Sibal has also sought government protection against damage to his “personal and professional life” from the Anil Ambani group.

“I will not be surprised if ADAG resorts to violent means to achieve their objective,” he said.