ONGC to see $3 billion rise in earnings, Reliance $1.5 billion from gas price hike - Economic Times

The government from April 1 increased the gas price paid to producers of oil and regulated fields from $2.9 per million British thermal units to $6.10, a record high.

State-owned Oil and Natural Gas Corporation (ONGC) is likely to see a $3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas it produce… [+4205 chars]

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