The Ministry of Petroleum and Natural Gas has kept the price of domestically produced natural gas unchanged at $1.79 per million metric British thermal units (mmBtu) (on a gross calorific value basis) for the period April 1, 2021, to September 30, 2021.

Meanwhile, for the natural gas produced from difficult fields, like deep-water, ultra-deep-water and high-pressure high-temperature areas, the price has been reduced to $3.62 per mmBtu from $4.06 per mmBtu (which was applicable from October 2020 to March 2021).

The decision to keep the gas price unchanged is expected to keep the costs of cooking fuels and public transportation under check. It will also have an impact on the oil-producing companies like Oil and Natural Gas Corporation Limited, Oil India Limited, GAIL etc.