RNRL has again hit at RIL for indicting an unlawful and unofficial marketing margin of Rs.6.6 per mBtu on the trade of gas from the undecided KG basin D-6 mines.
Nevertheless, RIL had no views on the issue, looking for government’s interference in the issue. Reportedly, ADAG has stated that charge of unlawful marketing margin estimates for more than 3% of the price even devoid of the consent of the Empowered Group of Ministers at which the KG gas is being traded and the marketing margin charged till date should either be reimbursed right away or attuned against upcoming sale of gas.
The petroleum ministry has, nevertheless, denied giving such consent to RIL to indict any such marketing margin.
Reportedly, RNRL stated that power and fertilizer sectors will have to accept an extra load of more than Rs.10, 000crore towards this unlawful and groundless charge by RIL. Besides, the government would have to shell out fertilizer and power subventions to the manufacturers.