Gas price for April at $7.92 but price for ONGC/OIL capped at $6.5: Govt
The Union Cabinet while changing the pricing formula capped the rates at USD 6.5 per million British thermal units.
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The Union Cabinet while changing the pricing formula capped the rates at USD 6.5 per million British thermal units.
The government on Friday announced a natural gas price of $7.92 per unit for the remainder of April, according to the just approved new pricing formula, but rates for consumers have been capped at $6.5 per unit.
Cooking gas consumption growth would be lowest in more than a decade, according to revised estimates for FY23. Industry executives and experts do not see any uptrend
Markets leaders in cement, zinc, coal and petroleum have reported record volumes for FY23, with some also expanding market share.
All major state-run refiners at least doubled their gross refining margins.Oil product consumption increased 11% to 201.8 million tonnes during April-Feb