The petroleum ministry is sending a proposal to Union Cabinet to allow Reliance
Industries Ltd to double the price of gas from the KG D6 fields.The proposal
also contains a condition that RIL may give a bank guarantee which can be
encashed in case it is proved by experts later that the company is hoarding
gas in the block.
There is already a proposal to absolve Reliace from the serious charge of
purposely lowering the gas production since 2010-11 by getting an “expert
Committee report”stating that the lower production was due to. ecologi
cal ground.
Appeasing the corporates to any extent has become the order of
UPA regime.