The government plans to reserve a quarter of new petrol pumps, a coveted money-spinning business, for Other Backward Classes (OBC).
Fertiliser firms have said that if domestic gas is not supplied to P&K plants, they would be forced to import LNG from spot market at $18/unit.
Cairn is already producing 125,000 barrels per day from Mangala field in the same block which can be ramped up to 150,000 barrels per day.
Gail, which aspires to be a countrywide player in the city gas distribution domain had initially considered acquiring BG's 65.12% stake in Gujarat Gas.
There is a market speculation that ONGC has offered stakes in 18-19 oil and gas exploration blocks to ConocoPhillips.
The government plans to cap the price of crude oil sold by ONGC and Oil India to state refiners at $54/barrel this financial year.
DGH has told the govt it cannot stop RIL from recovering costs incurred in the D6 block because it does not have the power to do so.
India and Pakistan will commence crucial negotiations on the transit fee Islamabad would charge for the $7.6-bn natural gas pipeline from Turkmenistan.
The company is in the process of finalizing an upstream partner for project execution and LNG supplies to the proposed terminal, it said.
The government has formally asked the petroleum regulator to determine marketing margins for natural gas on the basis of costs.
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