The domestic natural gas price has risen by 25 cents to $6.75 per mmbtu for April, leading to increased costs for households with piped gas and CNG vehicle expenses. City gas distributors and fertiliser producers will also be affected. The price ceiling for difficult fields remains almost unchanged at $10.04 per mmbtu.
Author: Admin
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The government has increased the price of natural gas from old legacy fields to USD 6.75 per million British thermal units, effective April 1. This raise aligns with the decision to incrementally hike rates annually till full deregulation in 2027. The price revision applies monthly but is subject to floor and ceiling limits.
Domestic natural gas price for April up 25 cents to $6.75/mmbtu
India has increased the price of its locally produced gas from oil fields to $6.75 per mmBtu for April. This revision is the first in two years. The ceiling price for gas from difficult fields has also been adjusted to $10.04 per mmBtu for April-September. Higher prices will affect industrial buyers, fertiliser companies, and city gas distribution sectors.
US said to revoke several transnational oil, gas company licenses to operate in Venezuela
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Smart metering programme can help discoms generate Rs 4 lakh crore additional revenue: Care Edge
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Oil Minister Hardeep Singh Puri hints at potential petrol, diesel price cut if global crude prices remain subdued
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