{"id":566127,"date":"2023-03-28T09:38:06","date_gmt":"2023-03-28T04:08:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=566127"},"modified":"2023-03-28T10:58:36","modified_gmt":"2023-03-28T05:28:36","slug":"india-to-cut-gas-prices-from-april-1-after-review-panel-report-sources","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-to-cut-gas-prices-from-april-1-after-review-panel-report-sources\/","title":{"rendered":"India to cut gas prices from April 1 after review panel report: Sources"},"content":{"rendered":"<p>NEW DELHI (Reuters) &#8211; India&#8217;s cabinet is set to adopt a gas panel report this week, which has recommended capping the price for most local gas at $6.50 per million British thermal units (mmBtu) in April, two sources said on Monday.<\/p>\n<p>India last year set up the panel, led by energy expert Kirit Parikh, to review India&#8217;s gas pricing formula to ensure fair prices to consumers after state-set prices of gas from old fields and a ceiling price for output from hard-to-access, difficult blocks rose to record highs.<\/p>\n<p>The panel suggested that the monthly price of gas produced from old blocks be fixed at 10% of the monthly average of the Indian crude basket, with a cap of $6.5\/mmBtu and a floor price of $4\/mmBtu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) &#8211; India&#8217;s cabinet is set to adopt a gas panel report this week, which has recommended capping the price for most local gas at $6.50 per million British thermal units (mmBtu) in April, two sources said on Monday. India last year set up the panel, led by energy expert Kirit Parikh, to review India&#8217;s gas pricing formula to ensure fair prices to consumers after state-set prices of gas from old fields and a ceiling price for output from hard-to-access, difficult blocks rose to record highs. The panel suggested that the monthly price of gas produced from old [&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":[135,130,169],"tags":[],"class_list":["post-566127","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566127","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=566127"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/566127\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=566127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=566127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=566127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}