The Ministry of Petroleum and Natural Gas (MoPNG) has notified the price of domestic natural gas for the period October 1, 2024 to October 31, 2024 as $7.48 per million metric British thermal units (mmBtu) on a gross calorific value (GCV) basis. In addition, for the gas produced by Oil and Natural Gas Corporation Limited/OIL from their nomination fields, the administrative price mechanism will be subject to a ceiling of $6.50 per mmBtu on a GCV basis for the same period.
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