No change in natural gas pricing formula

NEW DELHI: Government on Wednesday ruled out changes in formula for pricing of domestic natural gas even though the formulation has driven down rates below the production

NEW DELHI: Government on Wednesday ruled out changes in formula for pricing of domestic natural gas even though the formulation has driven down rates below the production cost. The government had in October 2014 fixed a formula based on rates prevalent in gas-surplus US, Mexico, Canada and Russia to price gas in India.

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