Council to discuss on bringing natural gas under GST in next meeting

Dheeraj Rastogi said aviation turbine fuel would be another petroleum product that could also be brought within the GST.

ONGC logs Rs 4,000 cr loss on gas production due to cap on prices

Natural gas constitutes around 45 per cent of ONCG's total crude oil and natural gas production volume.

Crisil has been appointed to assist the regulator and the government in framing rules for the exchange.

It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said.

The other sectors which showed slower growth rate were refinery products, steel and electricity.

In March, India’s oil imports from Iran were 4,30,000 barrels per day.

During the talks they also reaffirmed their commitment to early and full implementation of their civil nuclear partnership.

Indian gas benchmark will spark a surge in consumption of the cleaner-burning fuel.

Cyprus, an island country in the Eastern Mediterranean, has also made promising offshore gas discoveries.

N Chandrababu Naidu on March 24 wrote to Pradhan about pending compensation to the affected fishermen.