Sources said the reduction would impact revenues of India's biggest producer ONGC as well as Reliance Industries and its partner BP plc which plan to start gas production from their 'second-wave' of discoveries in eastern offshore KG-D6 block from mid-2020. The cut in price will lower the earnings of producers like ONGC but will also lead to a reduction in the price of CNG, which uses natural gas as input.from Industry-Economic Times
Read The Rest:economictimes...
