Govt lowers domestic natural gas price to $6.93/mBtu for May
This story was originally published at 21:00 IST on 30 April 2025
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--Government lowers domestic natural gas price to $6.93/mBtu for May
MUMBAI – The government has reduced the price of domestically produced natural gas to $6.93 per million British thermal units for May, from $7.26 per mBtu in April, on a gross calorific value, the oil ministry's Petroleum Planning and Analysis Cell said in a notification.
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 for May, 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 say that these prices must be declared by the planning cell on the last day of every month for the following month. End
US$1 = INR 84.48
Reported by Ashutosh Pati
Edited by Rajeev Pai
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