This article was first published 19 years ago

No review on RIL gas price: Deora

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August 07, 2006 16:30 IST

The government on Monday refused to review its decision rejecting the price of natural gas proposed to be sold by Reliance Industries Ltd to an Anil Ambani group firm.

"There will be no review of the decision. If we allow the price RIL has proposed, the government will suffer huge losses," Petroleum Minister Murli Deora said when asked about Anil Ambani's statement, saying that the government had taken a "premature" decision.

The Minister said ever since he has joined the government, he has been hearing about the disputes between Anil and his elder brother Mukesh Ambani.

"Don't we (the ministry) have any other job than to settle their matters," he retorted and said that the Ministry has already made its position on the issue clear.

The petroleum ministry had late last month rejected the price of  $2.34 dollars per million British thermal unit proposed by Mukesh Ambani-led RIL for sale of natural gas to Reliance Natural Resources Ltd on grounds that it would lead to massive losses to government exchequer.

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