The price of domestic natural gas for May has been set at $8.27 per million British thermal units (mBtu), up from $7.92 for most of April in line with the new domestic gas pricing formula introduced last month, as per a notification issued by the oil ministry’s Petroleum Planning and Analysis Cell.
Despite the increase in notified price, consumers will continue to be charged $6.50 per mBtu — the ceiling price of gas as per the new pricing regime. This means that this price revision is unlikely to result in price changes in case of fuels like compressed natural gas (CNG) for transportation and piped natural gas (PNG) for household use.
