which reportedly indicated that favours were shown to private oil firms, Reliance Industries Limited (RIL) and Cairn India. Briefing the media in here on Monday , he said, the CAG report is just a draft report and the issue of pricing was cleared by the EGoM. He defended the then Finance Minister P. Chidambaram saying it was not an individual decision.
The CAG draft report that was leaked reportedly said RIL was allowed to sell natural gas at higher rates than the Public Sector Undertakings and higher capital expenditure was allowed to RIL by Directorate General of Hydrocarbons resulting in revenue loss to the Government. Mr Reddy also defended the Director General of Hydrocarbons and said that the CAG draft report wanted the Directorate should be strengthened as it is not capable of deciding on technical issues.