Govt cuts domestic natural gas price for Jan by 3.5% to $6.25/mBtu
This story was originally published at 14:26 IST on 2 January 2026
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MUMBAI – The government has cut the price of domestically produced natural gas for January by 3.5% to $6.25 per million British thermal units on a gross calorific value, the oil ministry's Petroleum Planning and Analysis Cell said in a notification Wednesday. The price of domestically produced natural gas was $6.48 per mBtu in December.
The natural gas produced by Oil and Natural Gas Corp. Ltd. and Oil India Ltd. will be subject to a ceiling of $6.25 per mBtu on a gross calorific value for January, according to the notification.
The Ministry of Petroleum and Natural Gas had in April 2023 amended the New Domestic Natural Gas Pricing Guidelines, 2014, to integrate several recommendations of the Kirit Parikh committee on gas pricing. The revised guidelines mandate domestic natural gas to be priced at 10% of the Indian crude oil basket price and announced on the last day of every month for the following month. End
US$1 = INR 90.21
Reported by Abhijit Doshi
Edited by Rajeev Pai
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