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India expected to cut natural gas price by 14%

Reduction in government-set price tracks global decline, will deal potential blow to Reliance, ONGC

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India will probably reduce the price of natural gas next month by about 14 per cent, dealing a potential blow to explorers Reliance Industries Ltd and Oil & Natural Gas Corp (ONGC).

New Delhi

INDIA will probably reduce the price of natural gas next month by about 14 per cent, dealing a potential blow to explorers Reliance Industries Ltd and Oil & Natural Gas Corp (ONGC).

The government-set price will track a global decline and fall to less than US$4 per

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