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Reliance Industries Ltd and its foreign partners in KG-D6 block have agreed to supply gas to fertiliser companies at the prevailing rates ($4.2/unit).
Fertiliser Secretary Shaktikantha Das said “RIL has agreed to supply at $4.2/unit (gas is measured million British thermal units). The Fertiliser Association of India and RIL will sit together and work out the agreement details.”
The existing D6 gas price as well as supply agreements with the buyers expired on March 31 making it necessary for the stakeholders to reach an understanding. RIL and its foreign partners have been asked to continue to sell the fuel at the prevailing rates following the deferment of new price announcement by the Government based on the Election Commission directive.
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