NEW DELHI: The empowered group of ministers (EGoM) has approved a pricing formula for RIL’s gas from the Krishna-Godavari (KG) basin, modifying the original formula. The revised formula lowers the proposed price of the gas at Kakinada to $4.20 per unit as compared to $4.33. The price at which RIL will sell its gas from the KG basin to consumers will be valid for five years, after which it will be open for revision.
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Thursday, September 13, 2007
RIL gas to cost a bit less after EGoM approval
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