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New gas pricing formula News

natural gas price

31 Mar 2017

Natural gas price cut marginally to $2.48 mmBtu

Natural gas price was Friday cut marginally to USD 2.48 per million British thermal unit, the fifth reduction in two years.

30 Mar 2016

Govt to cut natural gas prices by 17% to $3.15 per mmBtu

As per the new gas pricing formula approved by the NDA-government in October 2014, gas prices are to be revised every six months and the next change is due on April 1.

natural gas prices

14 Feb 2016

Gas prices may dip 17% to $3.15 in April

Natural gas prices in India are likely to decline 17 percent in April to USD 3.15 per unit, further straining economics of developing discoveries in deep sea.

09 Oct 2015

India Inc calls for revising gas pricing formula

After Moody's and Standard & Poor's, now the Indian industry has said that the new gas price formula of governrment is not conducive for exploration and production activity in the country

17 Sep 2014

Gas pricing: Panel submits report, price may go up by 50%

Though contents of the report have been kept under wraps, the official indicated that the price increase may be around 50 percent. Most of the domestically produced gas is currently sold at a price of USD 4.2 per mmBtu.

10 Sep 2014

Committee likely to submit report on new gas pricing formula today

A four-member committee of secretaries, set up by the Central government last month to examine the new gas pricing mechanism, is likely to submit its report on Wednesday.

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