Govt may hike gas price by 30%: Oil Secy - Business Standard

The government may in "weeks" decide on raising price of natural gas produced by state-owned ONGC and Oil India by 30 per cent, Petroleum Secretary S Sundareshan said today.

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"(It is) matter of weeks (that a decision on raising prices would be taken)," he told reporters here. The Oil Ministry has circulated a Cabinet note for raising price of gas under administered pricing mechanism (APM) from Rs 3,200 per thousand cubic meters (USD 1.79 per mmBtu) to Rs 4,142 per thousand cubic meters (USD 2.32 per mmBtu).

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