Niko Resources: Studying the impact of gas price hike

Our Bureau Updated - October 20, 2014 at 06:46 PM.

Niko Resources Ltd, a partner of Reliance Industries Ltd in the D6 block in the Krishna Godavari basin, said on Monday it is currently evaluating the impact of the new domestic gas pricing policy on its assets in India.

 

On Saturday, the Government of India announced a fixed a new base price for domestically produced gas at $5.61 a unit (gas is measured in million British thermal units).

 

Published on October 20, 2014 13:16