NEW DELHI: Come April 1, the price of natural gas will rise by 10 per cent to their highest level in three years. Sources say that the price of domestically produced natural gas will rise to $3.69 million British thermal units (mmBtu) for the April-September period as opposed to $3.36 in the previous six months.
The rate is calculated by taking the weighted average price at Henry Hub of the US, National Balancing Point of the UK, rates in Alberta (Canada) and Russia, with a lag of one quarter. So, for the April 1 to September 30 period, the average rates prevailing during January 1, 2018, to December 1, 2018, has been taken.
