Gas price on IGX double since April, households to feel impact soon

Domestic gas price to be revised upwards from October 1

The average price of natural gas on the Indian Gas Exchange (IGX) has more than doubled from April 2021 and is now trading at around $13.8 per million British thermal units (mBtu) in September 2021.
 
This reflects the strong demand for spot gas in the market that also saw prices rising on global cues.
 
According to IGX data, the weighted average price of gas sale in April 2021 stood at $6.1 per mBtu. The price has been on a steady rise every subsequent month and closed August 2021 at 12.5 per mBtu. It is expected that September prices,