New Delhi: The Comptroller and Auditor General of India (CAG) has pulled up Reliance Industries for charging a rate in excess of the government approved price for its KG-D6 gas field and not including the marketing margin for calculating royalties and government’s share. The Centre had in October 2007 set a sale price of USD 4.20 per million British thermal unit based on the price discovered by RIL from key customers. The CAG in a draft report of audit of RIL’s eastern offshore KG-D6 block spendings stated that the company charged USD 4.205 per mmBtu from consumers, leading to excess billing of USD 9.68 million.
‘RIL charged more than approved price’
RECENT STORIES
Cabinet Approves Vodafone Idea Relief: AGR Dues Frozen At ₹87,695 Crore To Be Paid From FY32 To...
Government Launches ₹4,531 Crore Market Access Support For Exporters
Private Equity Investments In Indian Real Estate Surge 59% To $6.7 Billion In 2025
Crude Oil Prices See Biggest Fall Since 2020, Markets Watch January 4 OPEC+ Decision Closely
Zomato & Swiggy Boost Incentives To Counter New Year's Eve Gig Workers' Strike