The petroleum ministry has informed the power ministry that no marketing margin was approved for sale of gas by companies like Reliance Industries, saying these are commercial arrangements between sellers and buyers. The oil ministry made this position clear in response to a clarification sought by the power ministry on marketing margin charged by RIL for sale of gas from its K-G basin fields on top of the price of $4.20 per mmBtu. "It is informed that the government has not, till date, fixed or approved the quantum of marketing margin for sale of natural gas by any contractor," it wrote on August 11.
RIL is charging a marketing margin of $0.135 per million British thermal unit on the gas from KG-D6 fields. While Anil Ambani Group's RNRL had on Sunday alleged that RIL was charging "unauthorised" marketing margin, 35 firms buying KG-D6 gas are paying the $0.135 per mmBtu to RIL without protest.
Source:
www.financialexpress.com
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RIL is charging a marketing margin of $0.135 per million British thermal unit on the gas from KG-D6 fields. While Anil Ambani Group's RNRL had on Sunday alleged that RIL was charging "unauthorised" marketing margin, 35 firms buying KG-D6 gas are paying the $0.135 per mmBtu to RIL without protest.
Source:
www.financialexpress.com
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