Domestic natural gas prices hiked 5% to $7.85/MMBtu for August

Domestic natural gas price hike in India: The government on Monday hiked the price of domestic natural gas to $7.85 per metric million British thermal units (MMBtu) for August from $7.48 per MMBtu for the previous month.

Domestic natural gas prices hiked 5% to $7.85/MMBtu for August
Domestic natural gas price hike in India: The government on Monday hiked the price of domestic natural gas to $7.85 per metric million British thermal units (MMBtu) for August. Image: Reuters

Domestic natural gas price hike in India: The government on Monday hiked the price of domestic natural gas to $7.85 per metric million British thermal units (MMBtu) for August from $7.48 per MMBtu for the previous month. According to a notification by the Petroleum Planning and Analysis Cell, the gas produced from the nomination fields of Oil and Natural Gas Corp. (ONGC) and Oil India will remain unchanged and have a ceiling price of $6.50/MMBtu.The new prices took effect from August 1. The revision was on the basis of the new price formula.

(This story will be updated shortly.)

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Written By: ZeeBiz WebTeam
Updated: Tue, Aug 01, 2023
08:45 AM IST
New Delhi, ZeeBiz WebDesk
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