There are no reversal patterns on chart and support comes around 268 for natural gas
According to officials in the know, this price is applicable on more than 90 per cent of domestic natural gas production
Government-dictated price for natural gas produced by companies such as ONGC is likely to inch up marginally to $1.82 next week
Total income declines 13.5% YoY to Rs 1,621 cr; firm says it is meeting fuel needs of over 1.2 mn CNG vehicles in NCR through a network of 560 CNG stations
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After taking support at 200 DMA, natural gas made bullish candle indicating bulls trying to stage comeback
Estimates say a 25.1% fall in natural gas prices, which makes up 50-80% of raw material cost in urea, could lead to a 12% in manufacturing cost; 28 of 31 urea plants in India are gas-based
Natural gas production in India remains a loss-making proposition for most fields after the government cut gas price by a steep 25 per cent, rating agencies said
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Natural gas price in India touched the lowest rate on record after the government on Wednesday slashed the price by 25 per cent to $1.79, denting revenues of producers like ONGC
This will be the third straight reduction in rates in one year. Prices were cut by a steep 26 per cent to $2.39 per mmBtu in April.
Based on the IGX business model, each member will have to pay for its membership, an annual fee and a transaction fee.
Oil Minister Dharmendra Pradhan will launch the Indian Gas Exchange (IGX) to kickstart natural gas trading
Natural gas gets converted into CNG on compression and is also supplied for lighting cooking stoves through pipes.
The rate for gas produced from difficult fields will be $5.61 mBtu on gross calorific value basis.
This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years
Compressed natural gas (CNG) sold to automobiles has been reduced by Rs 1.90 per kg in Delhi and by Rs 2.15 per kg in Noida, Greater Noida and Ghaziabad, the company said in a statement
The decline in natural gas revenue and earnings will have a limited effect on ONGC's metrics for fiscal 2020
ONGC has long complained that gas price is unremunerative and it incurs the loss on the business