As per the Ministry of Petroleum and Natural Gas, the price of domestic natural gas for the period August 1, 2023 to August 31, 2023 is notified as USD 7.85 per million metric British thermal unit (mmBtu) on gross calorific value (GCV) basis.
Besides, for the gas produced by ONGC/OIL from their nomination fields, the administrative price mechanism price will be subject to a ceiling of USD6.50/mmBtu on GCV basis for the same period.