Govt hikes domestic natural gas price for July by 7.5% to $6.89/mBtu
This story was originally published at 18:33 IST on 30 June 2025
Register to read our real-time news.Informist, Monday, Jun. 30, 2025
--Government raises domestic natural gas price to $6.89/mBtu for July
--CONTEXT: Govt had set domestic natural gas price at $6.41/mBtu for June
MUMBAI – The government has raised the price of domestically produced natural gas for July by 7.5% to $6.89 per million British thermal units on a gross calorific value, the oil ministry's Petroleum Planning and Analysis Cell said in a notification Monday. The price of domestically produced natural gas was $6.41 per mBtu in June.
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 July, 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.
As of Friday, the Indian crude oil basket price averaged $69.82 per barrel in June, up 9.0% from $64.04 a month before. End
US$1 = INR 85.76
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Ashutosh Pati
Edited by Saji George Titus
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
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
