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OIL & GAS: Key takeaways from Ministry of Petroleum & Natural Gas
- Any interim price adjustment of diesel appears unlikely considering high oil price coupled with high domestic inflation.
- Sharing of under recoveries will be done in line with the practice followed in the previous 3 years.
- KG-D6 Gas price and time frame will continue to be decided by the EGoM.
- Gas allocation to current and prospective consumers will be decided by EGoM.
- The government is trying to ensure the completion of the gas grid in the country by FY13.
- The government is also taking international pipelines seriously. The government is pursuing a policy to enhance the energy security of the country.
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