Domestic gas price hiked to $2.9 per mBtu, ceiling raised to $6.3 per mBtu
The price of domestic-produced natural gas has been hiked to $2.9 per million British thermal units (mBtu) for the October 2021-March 2022 period on Thursday. The ceiling price of natural gas produced from deepwater, ultra-deepwater, and high pressure-high temperature (collectively called difficult) discoveries has also been hiked to $6.13 per mBtu.
These prices have almost doubled from the price determined by the government for the April-September 2021 period. Domestic gas price stood at $1.79 per mBtu, while the ceiling price for difficult gas stood at $3.62 per mBtu during this period. This will mean more expensive cooking through piped natural gas and transport through higher compressed natural gas.
