{"id":377723,"date":"2020-10-12T10:44:01","date_gmt":"2020-10-12T05:14:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377723"},"modified":"2020-10-12T10:44:01","modified_gmt":"2020-10-12T05:14:01","slug":"ongc-sees-%e2%82%b96000-cr-%e2%82%b97000-cr-loss-on-natural-gas-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-sees-%e2%82%b96000-cr-%e2%82%b97000-cr-loss-on-natural-gas-business\/","title":{"rendered":"ONGC sees \u20b96,000 cr- \u20b97,000 cr loss on natural gas business"},"content":{"rendered":"<p>New Delhi: India&#8217;s top oil and gas producer ONGC on Friday said it is losing \u20b96,000-7,000 crore on natural gas business after the government-mandated rates for the fuel dropped to a decade low.<\/p>\n<p>The government-mandated rates are way below the cost of production of USD 3.5-3.7 per million British thermal unit, Oil and Natural Gas Corp (ONGC) Director (Finance) Subhash Kumar said.<\/p>\n<p>Every dollar reduction in gas price leads to a revenue loss of about \u20b95,200 crore and a \u20b93,500 crore on profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: India&#8217;s top oil and gas producer ONGC on Friday said it is losing \u20b96,000-7,000 crore on natural gas business after the government-mandated rates for the fuel dropped to a decade low. The government-mandated rates are way below the cost of production of USD 3.5-3.7 per million British thermal unit, Oil and Natural Gas Corp (ONGC) Director (Finance) Subhash Kumar said. Every dollar reduction in gas price leads to a revenue loss of about \u20b95,200 crore and a \u20b93,500 crore on profit.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-377723","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=377723"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377723\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}