Need to fix gas price rates in rupees  

October 21, 2014

A guestimate would put the dollar-rupee conversion rate to be around Rs63. What will happen if the crude oil or gas price goes up dramatically due to unforeseen circumstances, including war-like situation in the Middle-East or elsewhere? Once this price is gazetted, it would actually become due for revision only in April 2015

AK Ramdas

Practically six months after it was due to have been put into effect on 1st April, gazetted and yet not made applicable due to ensuing elections, and subject to debates and discussions, the National Democratic Alliance (NDA) government at last has settled the score to set the domestic gas price to $5.6 per unit, not $8.4 as indicated earlier by the former government.

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