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
Strong Economic Performance Has Benefited From Sound Macroeconomic Policies & Earlier Structural...
Four Labour Codes Likely To Be Fully Operational From April 1, 2026
Dialysis Services Provider Nephrocare Health Set To Launch IPO On December 10, With A Fresh Issue Of...
Vikram Solar Announces The Appointment Of Arun Mittal As Chief Executive Officer Of VSL Powerhive
State-Owned NBCC Bags Contract Worth ₹642.82 Crore From Ghaziabad Development Authority