Government considering changing price formula for domestic natural gas: ONGC chairman
The government is considering changing the price formula for domestic natural gas to encourage investment in the sector, ONGC Chairman Shashi Shanker has said.
An official committee has been constituted to consider the issue of gas pricing, Shanker said. “Talk is going on for giving some kind of floor pricing and changing the formula as well,” he said, without giving more details. The floor price could be linked to some international benchmarks.
