NEW DELHI: India has kept domestic natural gas prices unchanged at $1.79 per million British thermal units (mmBtu) for the first six months of the current financial year, under the domestic gas price regime introduced in 2014.
The ceiling on prices of gas from difficult fields such as deep water, ultra-deep water, and high pressure-high temperature areas for April-September has been reduced to $3.62 per mmBtu from $4.06 per mmBtu.
The bi-annual price revision fixes the domestic price at which natural gas is supplied by explorers such as Oil and Natural Gas Corp. Ltd (ONGC) and Oil India Ltd (OIL) to urea manufacturers, power generation firms, and compressed natural gas (CNG) and piped natural gas (PNG) firms.
