Prices of domestically produced gas doubled for April-Sep


New Delhi, Apr 1 (IANS): The price of domestically produced natural gas has more than doubled for the six months beginning April 1 -- April to September -- amid a surge in global benchmark prices.

It will raise the prices of gas sold to households, the power sector, industries and fertiliser firms.

The price of gas from regulated fields of state-owned Oil and Natural Gas Corp and Oil India will rise to a record $6.10 per million British thermal units from $2.90, according to an oil ministry's Petroleum Planning and Analysis Cell notification.

The rate paid for gas from difficult fields like deepwater, ultra deepwater, high pressure-high temperature will rise to $9.92 for the next six months from $6.13 per mmBtu, another notification by the PPAC said.

The prices of gas produced in India are typically linked to global benchmarks.

The upward revision in gas prices is expected to put an additional pressure on the domestic inflation which has exceeded the Reserve Bank of India's 6 per cent upper tolerance level for the second consecutive month in February.

 

  

Top Stories


Leave a Comment

Title: Prices of domestically produced gas doubled for April-Sep



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.