Bulletin Updates
Despite price hike, gas production remains loss-making proposition in India: ICRA – 1 Oct 2021
Oct 01, 2021
The government may have raised the price of domestic natural gas price by 62 per cent from the existing $1.79 per million British thermal units (mmbtu) to $2.9 per mmbtu but gas production will remain a loss-making proposition for most fields and there will be limited benefit for producing companies, according to ratings agency ICRA.
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