Reliance Gas pricing

Facts of the case
1. Current gas prices of $4.2 per million British Thermal Units (mBtu) valid till 31st March 2014
2. Rangarajan Committee approved pricing of $8.40 mBtu to hold from 1st April 2014

3. Vikram Singh Mehta, (Chairman, Brookings ,India and Former Chairman, Shell Group ) has claimed the following:
Gas prices across the world :
US: 4$ mBtu (approx.)
Europe: 8$ mBtu (approx.)
Japan: 14-16$ mBtu (approx.)
Import price of gas to India: 16$ mBtu
"Reliance buys from Shell to run its refineries at 16$ mBtu"



Source:
1.http://www.thehindu.com/business/Industry/higher-gas-price-for-ril-gets-cabinet-nod/article5479309.ece
2. http://www.thehindu.com/business/Industry/ril-to-give-135-million-bank-guarantee-for-higher-gas-price/article5364171.ece
3. http://www.youtube.com/watch?v=-4yeZDFI2j4 : Vikram Singh Mehta, Chairman, Brookings India
Former Chairman, Shell Group