New pricing norms cut earnings downside for gas producers: S&P Ratings ...Middle East

Business Standard - Economy

India's new gas pricing regime will offer greater downside protection for earnings of gas companies such as Oil and Natural Gas Corp (ONGC) and Oil India Ltd, S&P Ratings said on Friday. The new norms will not affect the pricing for gas produced from difficult fields that companies like Reliance Industries Ltd operate. Under the new guidelines announced on April 6, 2023, the government will set prices for domestically produced gas on a monthly basis; the rate will be 10 per cent of the average price of the Indian crude basket in the preceding month. The price will have a floor of USD 4 per million British thermal unit (mmbtu) and a ceiling of USD 6.5 per mmBtu. "We expect the new gas pricing

Hence then, the article about new pricing norms cut earnings downside for gas producers s p ratings was published today ( Friday 14/04/2023 - 02:20 PM ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( New pricing norms cut earnings downside for gas producers: S&P Ratings )

Last updated : 14 April 2023 clock 02:20 PM

Also on site :

New pricing norms cut earnings downside for gas producers: S&P Ratings ...Middle East

Floating Power Plants Are Opening a New Energy Frontier

Rethinking rural cooperatives

Price for the future

Statsguru: Will RBI's MPC moderate demand during this festival season?

India's small businesses chase a new dawn amid reforms and financing push

Nigeria: Nigerian Drugmaker Fidson Selected to Manufacture Generic Influenza Antiviral Under Global Licence

GST set for next big reform; officers' arrest powers may be scrapped

Private Equity Firms Double Down on Fossil Fuels

IG Defence plans trials of India's first private-sector micro-missile soon

Ireland sees dip in Indian student enrolments amid geopolitical uncertainty

BPCL's ₹1 trn refinery project gets environmental clearance recommendation

CAG detects ₹1,210 crore mining irregularities in Odisha amid MMDR debate

Sustained reforms, self-reliance critical for Viksit Bharat, says Das

Multiple nations probe FlyDubai co-pilot accused of cockpit attack: Reports

Indian IT firms turn to GCC acquisitions as organic revenue growth falters