ONGC to lose Rs 4,000 cr on new gas price; seeks freeing of gas prices

Prices of natural gas, which is used to produce fertilizer, generate electricity and gets converted into CNG for use in automobiles and piped natural gas for household cooking, was from April 1 cut to USD 2.39 per million British thermal unit - a rate about 37 per cent lower than the cost of production. ONGC is India's largest integrated oil and gas company.

from Energy-Industry-Economic Times https://ift.tt/3bIzsMR