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Wednesday, April 7, 2010 as of 11:14 AM ET

Gas Prices

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Gasoline and diesel usage and pricing

The usage and pricing of gasoline or petrol results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply).

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Reliance Industries Seeks Government OK For Processes To Up Gas Output -Source

India's Reliance Industries Ltd.

(500325.BY) has sought the federal government's approval to implement processes which will help it increase output at its natural gas block in the Krishna Godavari region, a senior official of the company said Saturday.The company expects to increase output in about two years after receiving the approval, the executive told reporters."We agree there has been a decline in output which has primarily happened because of water ingress in the areas," the executive said. The company has sought approvals to carry out procedures like work-overs and side-tracking to overcome the hurdles, he added.Reliance is faced a decline in output at its D1 and D3 gas finds at the key D6 gas block at Krishna Godavari--which was intended to help it meet India's rising energy needs.This has also hurt India's gas-based power plants and investment in the sector as banks have become cautious about lending to projects without committed fuel supplies. The nation's steel, petrochemic...

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