11/23/12

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Press Information Bureau

Government of India
Ministry of Petroleum & Natural Gas
21-November-2012 19:41 IST

Petroleum Ministry describes reports regarding withdrawal of the Note for EGoM about
KGD-6 gas price revision at the behest of the present Minister as completely baseless
Press Note
The Ministry of Petroleum & Natural Gas is constrained to note that certain baseless and frivolous
allegations regarding the issues pertaining to KGD-6 gas pricing are reported in some of the
Newspapers. In this regard, the following facts are stated to put the things in proper perspective.
The issues pertaining to gas pricing were explained in detail in the Ministrys earlier Press Release on
1st November, 2012 issued immediately after the present Minister took over. It is reiterated that
request of RIL regarding revision of price was rejected in October, 2010 itself and it was categorically
stated that no revision of gas price can be considered before 2014.
The Rangarajan Committee was constituted in July 2012 i.e. much before the assumption of charge by
the present Minister. Gas pricing is one of the issue referred to the Rangarajan Committee, since its
inception.
As regards to note for the Empowered Group of Ministers (EGoM) regarding revision of price of
Natural Gas produced from KGDWN-98/3 Block, the same was submitted to the Cabinet Secretariat
on 19th September, 2012. As per the advice of the Cabinet Secretariat on 24th September, 2012, the
note was further circulated for wider Inter-ministerial consultation. Now, as per the routine procedure,
the Ministry has been advised to obtain approval of the new Minister-in-charge before it is re-submitted
to the Cabinet Secretariat. Therefore, news reports regarding withdrawal of the note at the behest of the
present Minister is completely baseless.
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MINISTRY OF PETROLEUM & NATURAL GAS, GOVERNMENT OF INDIA

NEW DELHI, November 21, 2012
RCJ/clarification on KG D-6 gas price

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