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Government cuts natural gas price by 25 percent to $1.79

The price of new gas from difficult fields such as deepsea has also been cut to $4.06 per mmBtu from $5.61

September 30, 2020 / 06:39 PM IST

The government on Wednesday slashed the rate at which most of the natural gas produced in India is sold by a steep 25 percent to $ 1.79.

Gas produced by state-owned Oil and Natural Gas Corp (ONGC) and Oil India from areas given to them on nomination basis will cost $1.79 per million British thermal unit for a six-month period beginning October 1, 2020, an official order said.

The price of new gas from difficult fields such as deepsea has also been cut to $4.06 per mmBtu from $5.61, the order said.

 

 
PTI
first published: Sep 30, 2020 06:39 pm

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