The industry has been demanding it for five years, and finally the Cabinet yesterday more than doubled the price of APM (Administered Price Mechanism) gas to USD 4.2 per mmbtu. That is the price at which Reliance Industry sells its gas at from the KG D6.
Initially, the price hike was to happen in three equal installments, but at the insistence of the Finance Ministry, APM gas has been hiked in one go.
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