SC moved to stay decision doubling gas prices

NGO Common Cause Friday moved the Supreme Court seeking a stay on the government decision doubling the price of gas produced from Reliance Industries Limited-operated KG D-6 field that would become effective April 1. It said the decision, doubling the gas price from $4.2 to $8.4 per MMBTU, was “arbitrary, malafide, unreasonable, and based on […]

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Court notice to centre; Reliance on gas price

The Supreme Court on Monday issued notice to the Centre, Petroleum Minister M. Veerappa Moily and Reliance Industries Limited (RIL) on a public interest litigation petition challenging the government’s decision to double the price to $8.4 per million British thermal unit (mmBtu) for gas produced from the KG basin. A Bench of Chief Justice P. […]

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