Price Cut
Govt lowers domestic natural gas price to $6.41/mBtu for June
This story was originally published at 18:01 IST on 31 May 2025
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--Government lowers domestic natural gas price to $6.41/mBtu for June
MUMBAI – The government has reduced the price of domestically produced natural gas to $6.41 per million British thermal units for June from $6.93 per mBtu in May, on a gross calorific value, the oil ministry's Petroleum Planning and Analysis Cell said in a notification Saturday.
The administered price mechanism for natural gas produced by Oil and Natural Gas Corp. Ltd. and Oil India Ltd. shall also be $6.41 per mBtu on a gross calorific value for June, 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 85.58
Reported by Ashutosh Pati
Edited by Vandana Hingorani
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