The rate would be fixed on non-discretionary basis
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New Delhi: The Centre on Wednesday fixed a maximum marketing margin that firms like Reliance Industries can charge on selling natural gas to fertiliser and LPG plants at Rs 200 per thousand cubic meters, a 12.5 per cent cut from current charge of Rs 225. This decision is a structural reform. Marketing margin is the charge levied by gas marketing company to its consumers over and above the basic price of gas for taking on the additional risk and cost associated with marketing gas. The rate would be fixed on non-discretionary basis.
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( Source : deccan chronicle )
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