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In a setback to ONGC, OIL, prices of domestic natural gas slashed by 25%

The government has also reduced the ceiling price for gas produced from deepwater, ultra-deepwater and high pressure, and high-temperature areas by 28 per cent to $4.06 per mmBtu

Topics
Oil and Natural Gas Corporation | OIL India

Shine Jacob  |  New Delhi 



Representative Image
Representative Image

In a huge setback to producers like (ONGC) and (OIL), the central government on Wednesday cut the price of domestic natural gas to $1.79 per million metric British thermal unit (mmBtu) for the October-March period of the current financial year, down 25 per cent from $2.39 per mmBtu in the April-September period.

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First Published: Wed, September 30 2020. 19:34 IST

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