Stating that the decision to almost double pricing of natural gas is influenced by economic reality of the country, Finance Minister P Chidambaram said that declining and stagnant production of gas is not good for the economy.

"Decline in domestic production is resulting in rise in import of LNG, we have to produce more gas," he said.

According to Chidambaram, domestic gas production will go up if investments are made. "Currently, no investment is made," he added. Read More