The government has further relaxed rules for selling natural gas produced from small and isolated fields by waiving-off time stipulation for fields located in the North East India.The Oil Ministry had in July 2013 allowed pricing freedom for gas produced from small, isolated fields and given marketing freedom by imposing no obligation of seeking customers only from the fertilizer and power sectors. The policy however stipulated that only those customers who can take supply within 90-days be sold the gas. In view of the difficulties faced by customers of North East Region, this timeline has now been extended to one year in Oil Ministry's new order.Current gas price as per the formula approved by the BJP-led government in October last year, is 4.24 dollar per million British thermal unit.
News On AIR | December 28, 2015 2:14 PM
Govt. further relaxes rules for selling natural gas