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India takes measured approach in raising domestic gas prices

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20 October 2014

India takes measured approach in raising domestic gas prices

Report summary

India has revised its gas price formula, effective from 1 November, raising the price applicable to domestic upstream producers.  The decision will receive a mixed reaction from upstream producers who, in addition to a revision in prices, had hoped for the announcement of a new roadmap detailing India's journey towards market-based gas pricing.  

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