ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Pricing Gujarat Natural Gas-An Alternative Approach

The recent award on pricing of natural gas in Gujarat by V K R V Rao provides an interesting case in public sector pricing. Rao states that his award is based on the "cost plus profit" formula. In his estimation of costs and profits, however, Rao has virtually ignored the relevance of crude in ONGCs operations

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