Today Indian Mcx Commodity Market Services

Indian shares fell for a second straight session on Thursday, as oil stocks such as Oil and Natural Gas Corp slumped on worries that higher gas pricing may be allowed only for
incremental output while violence in Iraq continued to weigh.

The petroleum ministry has proposed that higher gas price as per the Rangarajan formula could be allowed only for incremental production over and above the current levels, as an alternative to applying the formula unconditionally from July 1, Financial Express reported.

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