NEW DELHI, Sept 30 India has cut its locally
produced gas prices by 18.3 percent to $2.50 per million British
thermal units (mmBtu) for October-March period, compared with
the previous six months, a government website said, in line with
falling global prices.
India has set the ceiling price for gas to be produced from
difficult fields at $5.30/mmBtu for the six months to March
compared to $6.61/ mmBtu for the April-September period, the
Petroleum Planning and Analysis Cell of the federal oil ministry
showed on Friday.
The prices will be applicable on gross heat value basis.
(Reporting by Nidhi Verma; Editing by Malini Menon)