The Ministry of Petroleum and Natural Gas has notified the price of domestic natural gas for the period March 1, 2024 to March 31, 2024 as USD8.17 per million British thermal unit (mBtu) on gross calorific value (GCV) basis. Besides, for the gas produced by Oil and Natural Gas Corporation Limited/ Oil India Limited from their nomination fields, the administrative price mechanism price will be subject to a ceiling of USD6.50 per mBtu on GCV basis for the same period.
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