Oil min will not micro-manage natural gas sale - Financial Express

Despite the Supreme Court’s endorsement of the government’s right to have the final say on the pricing and allocation of natural gas, the petroleum ministry has decided not to exercise this right on the sale of natural gas to small consumers.

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The petroleum ministry or the group of ministers deciding on the gas pricing and utilisation policy will not specify the terms of sale to consumers such as small power plants that require less than 50,000 standard cubic meters a day, said a government official. This means that gas distributors such as Indraprastha Gas and Mahanagar Gas would not face interventions from policymakers on their choice of small and medium sized industrial and commercial consumers as per the demand supply situation. These consumers include power producers, commercial establishments and hotels.

Full Story: Oil min will not micro-manage natural gas sale - Financial Express