ONGC seeks hike in gas price

Oil and Natural Gas Corporation (ONGC) is seeking an increase in price of APM gas, chairman and managing director R S Sharma said today.

Sharma told reporters that the company wanted a price of Rs 4.5 per cubic metre ($2.5 per million British thermal unit) as against the present rate of Rs 3.2 per cubic metre ($1.97 dollars per MBTU).