Government cuts local gas prices for April-September by 20%
Prices to be cut to $3.60 per million British thermal units (mmBtu) in the first half of next fiscal
 "A mechanic repairs a pipe of a LPG tank installed in a car outside his workshop in Ahmedabad. Photo: Reuters")
A mechanic repairs a pipe of a LPG tank installed in a car outside his workshop in Ahmedabad. Photo: Reuters
Locally produced gas will cost about 20% less during April-September compared with the previous six months, a source with knowledge of the matter said on Thursday, due to a fall in global prices.
Prices will be cut to $3.06 per million British thermal units (mmBtu) in the first half of the next fiscal year on gross heat value basis, the source, who is not authorised to speak to the media, told Reuters.
It will cost about $3.4 per mmBtu on a net heat value basis compared with $4.24/mmBtu in October-March, the source said.
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First Published: Mar 31 2016 | 9:30 AM IST