Natural gas prices in India may jump to $ 10 within three years of implementation of the Rangarajan formula, generating enough additional revenue to meet higher subsidy outgo on the fertiliser sector.
The government has decided to price all domestically produced gas by both public and private sector firms at an average price of LNG imports into India and benchmark global gas rates from April 1, 2014.
Barclays Equity Research estimates the price will be $ 8.3 per million Britis ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27795011.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The government has decided to price all domestically produced gas by both public and private sector firms at an average price of LNG imports into India and benchmark global gas rates from April 1, 2014.
Barclays Equity Research estimates the price will be $ 8.3 per million Britis ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27795011.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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