Live
- Apollo Hospitals' unit to raise Rs 2,475 crore from PE firm Advent International
- More than 70 per cent voter turnout in Assam till 5 PM
- Repeated and persistent doubts on EVMs can have contrarian impact of creating distrust: SC
- World Veterinary Day 2024: Celebrating Veterinarians as Guardians of Animal Welfare
- Addl DC Assured Measures to procure paddy
- Civil Engineer held in drug trade in Goa, contraband valued at Rs 8.5 lakh seized
- CM Vijayan loses cool when asked if elections would be assessment of his governance
- Punjab Congress chief challenges BJP to nominate state prez Jakhar to contest polls
- Mamata Banerjee continues to fire salvos at Calcutta HC against ruling in school jobs case
- Indian healthcare platform exposed 4.5 lakh sensitive documents, clinical data of patients: Report
Natural gas prices cut by steep 26%
New Delhi: Natural gas prices on Tuesday were cut by a steep 26 per cent to its lowest rate since the pricing was made formula-driven in 2014, a...
New Delhi: Natural gas prices on Tuesday were cut by a steep 26 per cent to its lowest rate since the pricing was made formula-driven in 2014, a move that is likely to translate into lower CNG and piped cooking gas prices but also make a huge dent in revenues of producers such as ONGC.
Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) said the bulk of India's existing gas production will be priced at $2.39 per million British thermal unit for the six-month period beginning April 1, down from $3.23 as of now.
This will be the second reduction in six months to the lowest since 2014. The price of gas produced from difficult fields such as deepsea too has been cut to $5.61 from $8.43 per mmBtu now. Prices of natural gas, which is used to produce fertiliser and generate electricity and is also converted into CNG for use in automobiles as fuel and cooking gas for households, are set every six months - on April 1 and October 1 each year.
