If the government really owns the gas, they why let others do the pricing and profit? Can't they regulate the at what price the gas found in KG basin?
The agreement between Ambani brothers should not be allowed as they not in the interests of the nation. Will Anil Ambani sell power cheaply to the state electricity boards? No. He will not. But he wants cheap gas to make a fat profit. If the price of gas has gone up in the market, then he should pay the market price.
Likewise Mukesh Ambani also should not be allowed to get away. His company is deliberately under producing gas to create an artificial shortage. If the government believes that gas belongs to it, then government should put its foot down and talk tough to both and regulate the prices where no one is hurt. Government also has an interest in the whole issue.
Unnecessary court cases should be avoided. It has bad effect on those engaged in exploration business as these incidents will prevent further investments in the sector. Government should decide now whether it wants to regulate the prices or they want free market pricing. then they have to put down rules and scrupulously follow it.
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