Delhi : The government may soon implement the Cabinet’s four-month old decision to raise gas price uniformly for all producers. This follows a proposal to secure bank guarantees from Reliance IndustriesBSE 2.12 %, which will be encashed if the company is found guilty of hoarding gas produced from its KG-D6 block. The government could not notify the Cabinet-approved gas price formula in June after some departments sought to deny gas prices for RILs KG-D6 block which produced gas much lower than the prescribed gas production plan.

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