The Ministry of Petroleum and Natural Gas has notified the price of domestic natural gas for the period December 1, 2024 to December 31, 2024 as $ 7.29 per million British thermal units on the gross calorific value (GCV) basis. Besides, for the gas produced by ONGC /Oil India Limited (OIL) from their nomination fields, the administrative price mechanism price will be subject to a ceiling of $ 6.50/ per mBtu on a GCV basis for the same period.
