Govt more than doubles price of locally produced gas – Times of India


NEW DELHI: The Centre on Thursday greater than doubled the worth of natural gas, an official assertion by the Petroleum Planning and Evaluation Cell (PPAC) mentioned.
Worth of locally produced gas from outdated fields has been raised to a file excessive of $6.1 per million metric British thermal models (mmBtu) for the interval April-September 2022.
The worth has been raised from $2.90/mmBtu until now.
The hike comes on the again of rising world vitality costs, in wake of the continuing struggle between Russia and Ukraine.
With this, regulated fields of state-owned oil corporations like ONGC, Oil India Ltd and Reliance will obtain file charges for his or her produce, thereby boosting earnings.
In a separate launch, the PPAC raised ceiling worth for fuel produced from more difficult discipline to $9.92 per mmBtu for April-September from $6.13 per mmBtu.


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