The government has rejected Reliance Industries' demand for a revision in the KG-D6 gas price, according to reports.
Government also stated that USD 4.2 per mmBtu rate for five years was not only agreed to by the Mukesh Ambani-run firm but also upheld by the Supreme Court, says report.
Reports stated that RIL started gas production from the block in April 2009 and thus price revision was due only in 2014.