SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Industries seeks approval to triple gas prices from April 2014

01 Oct 2012 Evaluate

Reliance Industries is seeking approval for a proposal to triple its KG-D6 gas prices from April 1, 2014 after the current below market rate of $4.205 per million British thermal unit (mmBtu) expires. The company had submitted a proposal in June 2012, for a new crude oil-linked pricing formula to be used in new sales contracts for the period commencing April 1, 2014.

The company has sent a reminder on September 6 to A Giridhar, Joint Secretary (Exploration) in the Ministry of Petroleum and Natural Gas seeking approval of the price. If the new formula is approved, it will result in a gas price of slightly under $13 per mmBtu at an oil price of $100 per barrel.

Reliance Industries Share Price

1327.65 -15.45 (-1.15%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1327.65
Indian Oil Corp. 143.40
BPCL 308.05
HPCL 373.40
MRPL 186.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×