{"id":344669,"date":"2020-04-01T12:27:57","date_gmt":"2020-04-01T06:57:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344669"},"modified":"2020-04-01T12:27:57","modified_gmt":"2020-04-01T06:57:57","slug":"steep-26-cut-in-natural-gas-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/steep-26-cut-in-natural-gas-prices\/","title":{"rendered":"Steep 26% cut in natural gas prices"},"content":{"rendered":"<p>Natural gas prices on Tuesday were cut by a steep 26% 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\u2019s Petroleum Planning and Analysis Cell (PPAC) said the bulk of India\u2019s existing gas production will be priced at $2.39 per million British thermal unit for the six-month period beginning April 1, down from $3.23 as of now.<\/p>\n<p>This will be the second reduction in six months to the lowest since 2014. The price of gas produced from difficult fields such as deepsea too has been cut to $5.61 from $8.43 per mmBtu now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natural gas prices on Tuesday were cut by a steep 26% 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\u2019s Petroleum Planning and Analysis Cell (PPAC) said the bulk of India\u2019s existing gas production will be priced at $2.39 per million British thermal unit for the six-month period beginning April 1, down from $3.23 as of now. This will be the second reduction in six months to [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,223,150],"tags":[],"class_list":["post-344669","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-tribune","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344669","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344669"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344669\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}