4 min read.Updated: 01 Oct 2021, 12:17 AM ISTLivemint
The bi-annual price revision exercise fixes the price at which domestic natural gas is supplied by explorers such as ONGC and OIL
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NEW DELHI : India has increased the domestic natural gas price by 62% from $1.79 per million British thermal units (mmBtu) to $2.9 per mmBtu under the domestic gas price regime, which was introduced in 2014. The new price effective from 1 October will result in an increase in electricity tariffs from gas fuelled power projects and push up the cost of fertiliser production.