Current rate of USD 4.2 per million thermal units will continue till September end
Picture used for representational purpose. (Photo: DC/File)
New Delhi: India has deferred the decision to raise prices of locally produced gas by three months, the oil minister said on Wednesday.
"Comprehensive discussions are required on this issue," said Dharmendra Pradhan.
Currently, the bulk of domestic gas is sold at USD 4.2 million per thermal unit, which producers Reliance Industries and state-run ONGC say is not enough to explore new areas of India's reserves.
Oil Minister Dharmendra Pradhan also said the current rate of USD 4.2 per million thermal units will continue till September end.
( Source : pti/reuters )
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