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Reliance Industries, bp suspend natural gas auction from KG-D6 block

17 Jan 2023 Evaluate

Reliance Industries and its partner bp plc have suspended a planned auction for the sale of natural gas from their eastern offshore KG-D6 block after the government altered marketing rules to cap margins.

E-bidding for the sale of 6 million standard cubic meters per day of gas was originally planned for January 18 but was later pushed back first to January 19 and then to January 24.

On January 13, the Ministry of Petroleum and Natural Gas published new rules for the sale and resale of gas produced from discoveries in deep sea, ultra-deep water and high pressure-high temperature areas with marketing and pricing freedom.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Reliance Industries Share Price

1353.65 -8.95 (-0.66%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1353.65
Indian Oil Corp. 147.40
BPCL 318.05
HPCL 384.70
MRPL 180.75
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