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Gas price for Reliance to be reduced by 14 per cent from next month
The price of natural gas produced from difficult areas like KG-D6 of Reliance Industries is expected to be reduced by around 14% from next month. The price cut is in line with the softening energy prices. The government bi-annually fixes the prices of locally produced natural gas. Two different formulas govern rates paid for gas produced from legacy or old fields and for newer fields lying in difficult-to-tap areas.

Publisher: Economic Times