BP, Reliance Industries Ltd seek end to cap on gas prices
BP and Reliance Industries NSE 1.59 % have sought an end to the natural gas price ceiling that has halved in a year to $4 per unit, limiting gains to producers of gas from difficult fields.
The two companies have separately written to the government, urging the elimination of the price cap, and seeking full marketing and pricing freedom for natural gas produced from fields in the deep sea and other difficult terrains, according to people familiar with the matter. BP and Reliance declined to comment for the story.
