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The Economic Times
The Economic Times
Business

Deep-sea gas becomes costlier as government raises price ceiling

ONGC Oil British Petroleum India Natural Gas PPAC Reliance Industries

The government has raised the ceiling price for natural gas produced from difficult fields, including Reliance Industries and BP’s KG-D6 block, to $9.89 per million British thermal units (MMBtu) for six months from October 1. The previous ceiling was $8.90 per MMBtu.

The new ceiling applies to gas produced from deepwater, ultra-deepwater and high-pressure, high-temperature discoveries between October 1, 2026 and March 31, 2027, according to a notification issued by the Petroleum Planning and Analysis Cell (PPAC) under the oil ministry.

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