After the 14.2% rail tariff hike, an acceptable increase in natural
gas prices could be announced soon. Prime Minister Narendra Modi on
Sunday met Oil Minister Dharmendra Pradhan for the second time in three
days, apparently to hammer out the increase.
After nearly five hours of discussion on issues facing energy
sector on Friday, Modi again called a meeting on Sunday with Pradhan
where Finance Minister Arun Jaitley also joined.
At the Friday meeting, sources told PTI, the gas price revision was
flagged as one of the immediate decisions that the new government needs
to take to revive investor interest in the stagnant oil and gas sector.
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