The Ministry of Petroleum and Natural Gas (MoPNG) has notified the price of domestic natural gas for the period October 1, 2024 to October 31, 2024 as $7.48 per million metric British thermal unit (mmBtu) on gross calorific value (GCV) basis.
Besides, for the gas produced by Oil and Natural Gas Corporation Limited (ONGC)/ Oil India Limited (OIL) from their nomination fields, the administrative price mechanism price will be subject to a ceiling of $6.50/mmBtu on a GCV basis for the same period.