Sales of petrol-powered vehicles have gained significantly in the past few months, already aggregating around 58% of domestic sales.
Out of about 250 people in the DGH, about 20 are already on their way out and another 30 are next on the list, officials said.
More than 50% of the multiple connections have been identified in last six months. Now, companies are eliminating any chance of duplicate connections.
GAIL and CPCL told the oil ministry that they cannot collect revenues from RIL-operated KG-D6 block as they are not buyers of oil and gas from the field.
A Reliance spokesperson confirmed that “an arbitrator has been nominated” but declined to give any detail.
Russian oil firm Rosneft recently sold to China 10% stake in the field, which has estimated recoverable reserves of 500 million tonnes of oil.
The oil ministry was in favour of dumping the current contractual regime, which became controversial because of stern audit notes.
According to the government’s policy, in a year a customer is entitled to consume 12 LPG cylinders of 14.2-kg each at subsidized rate.
Gail has argued that the current system of zonal tariffs puts a huge burden on customers located far from the source of gas.
The strategy would aim to address concerns of state oil firms that if they lose money in hedging, they may face adverse audit comments and allegations of impropriety.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon