Thursday, June 27, 2013

Gas Price Increase

Last week's decision to raise the price of coal to the Central Government to raise the price of natural gas is now being in the Cabinet meeting on Thursday. the petroleum Ministry sent on behalf of this proposal will be considered. If the Cabinet gives the green signal to show the proposal in the coming days gas based power planton the rates of electricity produced by the way also will be cleared in the domestic coal coal imported last week. His decision to set the price received. the rates of electricity from about 20 cents per unit were also expected to increase.

Gas price as well as the creation of an important coal regulator Cabinet nivdheyak format will also consider regulatory authority Bill upâ Government coal year. 2010 is set to be drafting it now.. the responsibility for the final verdict on Finance Minister p. The Ministers group formed chaired by Chidambaram. approve the Bill, it is proposed to be given to the regulatory authority of the coal price. authority to intervene in just a few special cases in price. companies will decide which way the price regulator. see now that what this whole case turned on the Prime Minister to follow.

The gas price just a few days ago, moili petroleum and natural gas Minister told the santabanta virappa petroleum sector to attract investment in the gas price will replace the existing formulas to determine. the natural gas price in India now 4.20 dollars per MMBTU (gas measuring standard). international gas price 14-15 dollars per MMBTU.

The petroleum Ministry has increased to 6.7 dollars and every three months to amend it on the recent left-wing parties have the petroleum Ministry opposed this proposal inflexible. well moili but it is alleged that the reliance Industries Ltd. are to delivering the benefit. in answering any foreign forces in moili said that the energy sector fuelled by India self-reliant in some people In the way of becoming stuck snag. power and fertiliser Ministry, also are opposed.

Economic Affairs Committee despatched on Thursday at a meeting of the national fertilizers (CCEA) 7.64 in the proposal also consider divestment of equity phisad.