Reliance sticks to doubling gas price from April 1st

The Reliance industry has written today to several fertilizer manufacturing companies with it’s decision to stick to increasing the natural gas price being produced from KG Basin. The Election Commission has stalled the implementation of price rise till the elections are over. The Oil and Natural gas ministry too defended the price rise to Supreme Court today, saying it reflects true market realities and expert opinions in the field. The price will go up from 4.2 USD to 8 USD if the decision is implemented.

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