Your marketing margins are illegal: Anil to Mukesh | business | Hindustan Times
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Your marketing margins are illegal: Anil to Mukesh

Terming the marketing margins charged by Reliance Industries on gas supplied to it as “illegal”, Anil Ambani group firm Reliance Infrastructure Ltd has asked RIL to withdraw these charges and refund the payments it had made till now.

business Updated: Sep 17, 2009 00:21 IST

Terming the marketing margins charged by Reliance Industries on gas supplied to it as “illegal”, Anil Ambani group firm Reliance Infrastructure Ltd has asked RIL to withdraw these charges and refund the payments it had made till now.

“The charge towards the marketing margin imposed by you (RIL)…for sale of gas is illegal, unauthorised and unwarranted,” Reliance Infra has written to RIL in its September 15 letter.

RIL is supplying 0.55 million standard cubic meters of gas per day (mscmd) to the Anil Ambani group firm under a deal signed in April this year.

“It (the charge) is in excess of the ($4.20 or Rs 203 per unit) price determined by the government, which according to you is the price at which you can sell gas under the PSC (production sharing contract).”

“It (marketing margin of $0.135 per unit) is not even shared with the government as a part of profit petroleum.” The communication from Reliance Infra comes within days of the petroleum ministry hitting out at the Anil Ambani Group for making “baseless allegations” that the ministry was favouring RIL on unauthorised marketing margin and said why the same was not questioned when Reliance Infra signed a gas deal with Mukesh Ambani-led firm.