Govt fixes Apr gas price at $7.26/mBtu; Apr-Sept price cap at $10.04/mBtu
This story was originally published at 10:22 IST on 1 April 2025
Register to read our real-time news.Informist, Tuesday, Apr. 1, 2025
MUMBAI - The government has reduced the price of domestically produced natural gas to $7.26 per million British thermal units for April from $7.80 pet mBtu fixed for March. The price is fixed on a gross calorific value basis, the oil ministry's Petroleum Planning and Analysis Cell said in a notification dated Monday.
The natural gas produced by Oil and Natural Gas Corp. Ltd. and Oil India Ltd. will be subject to a ceiling of $6.75 per mBtu on a gross calorific value basis for April, up from $6.50 for March, according to the notification.
In April 2023, the Ministry of Petroleum and Natural Gas had 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 that these prices must be declared by the Planning Cell on the last day of every month for the following month.
By another notification dated Monday, the government also announced a ceiling on domestically produced natural gas price at $10.04 per mBtu, for Apr-Sept of 2025. End
US$1 = INR 85.47
Reported by Abhijit Doshi
Edited by Tanima Banerjee
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000 /+91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
