Govt cuts domestic natural gas price for Dec by 1% to $6.48/mBtu
This story was originally published at 08:14 IST on 1 December 2025
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--Government cuts domestic natural gas price to $6.48/mBtu for December
--CONTEXT: Govt had set domestic natural gas price at $6.55/mBtu for Nov
MUMBAI – The government has cut the price of domestically produced natural gas for December by 1% to $6.48 per million British thermal units on a gross calorific value, the oil ministry's Petroleum Planning and Analysis Cell said in a notification on Sunday. The price of domestically produced natural gas was $6.55 per mBtu in November.
The natural gas produced by Oil and Natural Gas Corp. Ltd. and Oil India Ltd. will be subject to a ceiling of $6.48 per mBtu on a gross calorific value for December, 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 89.46
Reported by Shreya Shetty
Edited by Avishek Dutta
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