Natural gas price up 10%; ONGC posts 6.5% rise in gas production

Producers will be able to charge a maximum of $9.32 per mmBtu for difficult fields, posting an increase of about 22% from $7.67 a unit during October-March

Economy &Policy: Giving a lift to makers, for example, Oil and Natural Gas Corporation (ONGC) and Reliance Industries (RIL), the cost of household flammable gas in India has expanded by 10 percent to $3.69 per million metric British warm units (mmBtu) for the April-September period, contrasted with $3.36 per mmBtu amid October to March period.
Makers will probably charge a limit of $9.32 per mmBtu for troublesome fields, posting an expansion of around 22 percent from $7.67 a unit amid October-March. This incorporates gas delivered from disclosures in deepwater, ultra deepwater and high-weight high temperature territories. The cost of local gaseous petrol is chosen after at regular intervals, in view of a recipe, considering normal rates from global exchanging centers.Read More

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