{"id":344614,"date":"2020-04-01T11:06:05","date_gmt":"2020-04-01T05:36:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344614"},"modified":"2020-04-01T11:24:48","modified_gmt":"2020-04-01T05:54:48","slug":"natural-gas-prices-cut-by-steep-26-huge-dent-in-ongc-revenues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/natural-gas-prices-cut-by-steep-26-huge-dent-in-ongc-revenues\/","title":{"rendered":"Natural gas prices cut by steep 26%; huge dent in ONGC revenues"},"content":{"rendered":"<p>Natural gas prices on Tuesday were cut by a steep 26 per cent to its lowest rate since the pricing was made formula-driven in 2014, a move that is likely to translate into lower CNG and piped cooking gas prices but also make a huge dent in revenues of producers such as ONGC. <\/p>\n<p>Oil Ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC) said the bulk of India&#8217;s existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now.<\/p>\n<p>This will be the second reduction in six months to the lowest since 2014.<\/p>\n<p>The price of gas produced from difficult fields such as deepsea too has been cut to USD 5.61 from USD 8.43 per mmBtu now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natural gas prices on Tuesday were cut by a steep 26 per cent to its lowest rate since the pricing was made formula-driven in 2014, a move that is likely to translate into lower CNG and piped cooking gas prices but also make a huge dent in revenues of producers such as ONGC. Oil Ministry&#8217;s Petroleum Planning and Analysis Cell (PPAC) said the bulk of India&#8217;s existing gas production will be priced at USD 2.39 per million British thermal unit for the six-month period beginning April 1, down from USD 3.23 as of now. This will be the second reduction [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-344614","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344614"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344614\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}