Government cuts domestic natural gas price by 10% on month to $7.86/mBtu in August
This story was originally published at 19:52 IST on 31 July 2026
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MUMBAI – The government has reduced the price of domestically produced natural gas for August by 9.97% on month to $7.86 per million British thermal units on a gross calorific value basis, the oil ministry's Petroleum Planning and Analysis Cell said in a notification Friday. The price of domestic natural gas was $8.73 per mBtu in July.
The natural gas produced by Oil and Natural Gas Corp. Ltd. and Oil India Ltd. will continue to be subject to a $7.00 per-mBtu ceiling on a gross calorific value basis for August, according to the notification.
The Ministry of Petroleum and Natural Gas had amended the New Domestic Natural Gas Pricing Guidelines in April 2023 to integrate several recommendations of the Kirit Parikh committee on gas pricing. The revised guidelines mandate domestic natural gas 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 95.38
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Abhijit Doshi
Edited by Rajeev Pai
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