Sep 29, 2009

ADAG accuses RIL of short-changing govt on gas mktg margins

The Anil Dhirubhai Ambani Group (ADAG), which is involved in a bitter gas tussle with Mukesh Ambani?s Reliance Industries, has written to the Petroleum Ministry asking it to resolve the issue of marketing margin expeditiously.

Reliance Industries sells gas to ADAG and other companies at a price of USD 4.2 per unit ? ADAG's Reliance Natural Resources and RIL are already involved in a legal fight over the unit price ? and also charges marketing margins of USD 0.13 per unit.

ADAG, in its letter, said that RIL is not entitled to a marketing margin as it has not undertaken any marketing. It also said that RIL was depriving the government of its share of marketing margin and that it was violating the High Court's order and the decision of the Empower Group of Ministers over the issue.



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