Govt hikes domestic natural gas prices to $9.20 per mmBTu from Oct 1

The Union government has increased domestic natural gas prices from $8.60 per metric million British thermal unit (mmBtu) to $9.20 per mmBtu for October, reported CNBCTV. According to a notification released by the Ministry of Petroleum and Natural Gas on Saturday, the revised prices will be applicable from October 1 to October 31, 2023.

This price adjustment is expected to impact consumers, as gas distribution companies are likely to raise the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). The government had also hiked natural gas rates last month, revising them from $7.85 per mmBtu to $8.60 per mmBtu, according to the report.