Mumbai (PTI): The Bombay High Court on Friday lifted the stay on Reliance Industries to sell gas from its KG basin fields to third parties, but it would be subject to its final judgment.

The high court reserved the judgment as both parties -- Mukesh Ambani-led RIL and Anil Ambani-run RNRL - concluded arguments over price of gas to be supplied by RIL to RNRL.

The court, however, allowed sale of gas in the interim period only to the priority list customers set by the government, with fertiliser and power being the top two sectors to get gas.

RNRL contends that it would buy gas from RIL only on the terms agreed with state-run power producer NTPC - USD 2.34 per mmBtu - while the Mukesh Ambani-run company is inclined to supply at the government-approved price of USD 4.20 per mmBtu.