content of the article

NEW DELHI – India’s natural gas price review body is expected to support pegging the price of most local products to an Indian crude oil basket capped at $6.50 per million British thermal units (mmBtu) to protect consumers from volatility in global markets to protect, sources said.

In September, India set up a panel led by energy expert Kirit Parikh to review India’s gas price formula to ensure consumers fair prices after government-set prices for gas from old fields and a…