Ministry of Petroleum and Natural Gas (MoPNG) has notified the price of domestic natural gas for the period December 1, 2023 to December 31, 2023 as USD 8.47 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 USD6.50/mmBtu on GCV basis for the same period.