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No plans to hike prices of gas produced by ONGC, OIL: Pandey

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Press Trust of India New Delhi

The government today said it has no plans to raise prices of gas produced by state-run ONGC and Oil India.     

"No not yet," Petroleum Secretary R S Pandey said when asked if there was a proposal to raise the prices of APM (administered price mechanism) gas.     

Pandey said the country would move to competitive market prices only when supplies are augmented.     

Right now it is a supplier's market as there is a huge gas deficit in the country.

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First Published: Sep 25 2008 | 2:02 PM IST

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