DNA reported that the Ministry of Petroleum and Natural Gas on Wednesday proposed to double the price of gas to USD 8-8.5 per million metric British thermal unit (mmBtu) sometime this calendar year.
"The new price will also be applicable to gas from the Krishna-Godavari (KG) basin, produced by Reliance Industries (RIL), once its fixed five-year term expires by the end of March," the newspaper quoting media reports said.
ONGC rose 3 percent to Rs 343 at 9:44 hours IST while Oil India was up 2.33 percent to Rs 546 that jumped 4 percent in initial trade.
Also Read
Tata Motors slump 10% on JLR margin warning
UBS cuts Tata Motors FY 2013, 2014 forecasts
JP Associates shares slip on deferring OFS in Jaypee Infra
{ 0 komentar... Views All / Send Comment! }
Posting Komentar