Ambanis join issue on marketing margin ahead of Tuesday’s EGoM

New Delhi, October 25: Ahead of the meeting of the Empowered Group of Ministers on utilisation of gas produced by Reliance Industries, group firms of Ambani brothers today joined issues on levy of marketing margin on sale of the industrial fuel.

The seven-member EGoM (a Cabinet sub-committee) is scheduled to meet on October 27 to consider commercial utilisation of RIL’s KG-D6 gas and other related matters but the issue of the company charging the USD 0.135 per mmBtu marketing margin is not listed on agenda.

Terming as illegal Anil Ambani Group firm Reliance Infrastructure asked the group to stop RIL from levying the marketing margin but the supplier contested the allegation saying the charge was in conformity with industry practice.

The marketing margin is not part of the terms of reference of the EGOM which has been constituted only to consider allocating gas produced from RIL from its eastern offshore KG-D6 fields beyond the initial 40 mmscmd among new users.

An Anil Ambani Group firm, Reliance Infrastructure Ltd, on October 23 wrote to Power Minister Sushilkumar Shinde asking him to take up the issue of the levy over and above the Government-approved gas price of USD 4.205 per million British thermal unit. .

–Agencies