CNG to cost Rs 62.15 per kg in Gujarat against Rs 60.15 a kg earlier

Auto gas has become costlier in Gujarat as the state-owned gas distribution player, GSPC Gas Company has hiked the compressed natural gas (CNG) prices by Rs 2 per kg with effect from Wednesday.

Paves the way for a new policy after CCEA approval

The Law and Justice Ministry has favoured a stable, five-year gas pricing formula, and also advocated a single price for all sources of gas. This would be put into effect from April 1, 2014, after approval of the Cabinet Committee on Economic Affairs (CCEA).

The State government is planning to provide sugar and wheat to Above Poverty Line (APL) ration cardholders under the Public Distribution System (PDS), Food and Civil Supplies Minister Dinesh Gundu

The petroleum and natural gas ministry is expected to move a Cabinet note on gas pricing to the Cabinet Committee on Economic Affairs (CCEA) as early as next week, Veerappa Moily, minister of petro

Shale gas will continue to remain a largely regional resource over the next 1-3 years and is unlikely to ease the supply scenario in India, a recent survey said.

The ministry will now have to come up with a revised Cabinet note, with fresh suggestions from other ministries

There is finally some relief for 66,000-MW domestic coal-based generation projects awarded through the

tariff bidding route. The Cabinet is likely to approve amendments to the coal distribution policy, allowing power firms importing coal to meet shortfall in fuel
supply from Coal India to pass on additional fuel costs to consumers. The Cabinet Committee on Economic Affairs ( CCEA) is expected to take up this matter for consideration in its meeting on Friday. The inter-ministerial panel on coal price pooling suggested amending the coal distribution policy on the advise of the Central Electricity Regulatory Commission (CERC).

The Supreme Court has stayed all proceedings in various high courts against moves to decontrol diesel, clearing a big hurdle in the implementation of the liberal fuel policy, which the government s

Domestic gas prices may be fixed at $2 lower than the $8.8-per-unit price discovered by the Rangarajan commitee constituted to suggest changes in the production-sharing contract and future domestic gas-pricing mechanism.

Sources said the oil ministry agreed to the basic principle of gas pricing suggested by the panel, but wants it to be modified slighty to also take into account gas prices in countries such as Malaysia, Saudi Arabia, Qatar and Nigeria that account for a major portion of India's liquified natural gas imports.

The fertiliser ministry, in a note to the EGoM on domestic natural gas pricing, suggested that gas should not be priced more than $6 mmBtu.