News Release Details
Centre asks Reliance to prioritise fuel sales
Hyderabad 15-Sep-2007
Within days of approving a price formula for pas to be produced by Reliance Industries, the government on Friday said it will ask the Mukesh Ambani Company to prioritise fuel sales to fertiliser plants, city gas and existing power plants. "Government is well with in is right to fix sectoral priorities keeping in mind the overall national interest. The empowered group of minister (EGOM) will in (inure meetings decide on which sectors should be given priority in allocation," petroleum secretary M.S. Srinivasan said. The EGoM had on September 12 approved a price of Rs 172.20 per million British thermal unit for RIL's KG-D6 gas. This was 8.32 percent lower than Rs 187.S4 ($4.33) per mbtu price proposed by R1L,Srinivasan said the price approved by the EGoM will apply uniformly to all the sectors. "It should not matter to the producer (KIL) as to who uses the gas, as a uniform price will be charged from all.""The guiding principle for gas allocation would be the Integrated Energy Policy drawn by the Planning Commission," he said. (PTI)
Hyderabad 15-Sep-2007
Within days of approving a price formula for pas to be produced by Reliance Industries, the government on Friday said it will ask the Mukesh Ambani Company to prioritise fuel sales to fertiliser plants, city gas and existing power plants. "Government is well with in is right to fix sectoral priorities keeping in mind the overall national interest. The empowered group of minister (EGOM) will in (inure meetings decide on which sectors should be given priority in allocation," petroleum secretary M.S. Srinivasan said. The EGoM had on September 12 approved a price of Rs 172.20 per million British thermal unit for RIL's KG-D6 gas. This was 8.32 percent lower than Rs 187.S4 ($4.33) per mbtu price proposed by R1L,Srinivasan said the price approved by the EGoM will apply uniformly to all the sectors. "It should not matter to the producer (KIL) as to who uses the gas, as a uniform price will be charged from all.""The guiding principle for gas allocation would be the Integrated Energy Policy drawn by the Planning Commission," he said. (PTI)